timmynorin

AUDCAD Telling me to go long, trap?

Long
FX:AUDCAD   Australian Dollar/Canadian Dollar
Lets find out

Price action is very clearly showing signs of bullish intention.

Blue arrows - Respecting structure.
Purple arrow - Respecting trendline.

In this we also see a 2618, which I have not drawn out. See if you can spot it yourself.

(Also note that it broke and close above falling trendline)

Long since 1.01688

Lets see if we can pull some profit out of this.
Comment: We came 1 pip shy of target 1, holding without adjustments as of yet, lets see if we can get another surge of steam.
Comment: Target 1 hit, pipage much welcome. Closing 50% and moving stop loss to break even for remaining position.
Trade closed: target reached: Target 2 hit - 1.02300. Position off!