AUDCAD Buy Setup Is About To Complete Long

Australian Dollar/Canadian DollarFXCM

Description

⋅ May 16, 2016 9:53 AM

Price has retraced to a long term key level where a buy setup is about to complete.

Entry price: 0.9448
Stoploss: 0.937
Profit targets: 0.96456, 0.99272

When price is in 1:1 profit move your stoploss at breakeven.

Comment

⋅ May 16, 2016 9:56 AM

Bigger picture of key level

AUDCAD

Comments

arif_awan

⋅ May 20, 2016 11:43 PM

jay_y

⋅ May 19, 2016 4:08 PM

This also met harmonic pattern criteria. Good LONG position after it breaks the trendline !
Good call SIR.

Fxprotrader

⋅ May 20, 2016 4:29 AM

Thank you jay_y

BanClassic

⋅ May 19, 2016 9:59 AM

Hello,
Any updates for this trade ?

Fxprotrader

⋅ May 19, 2016 10:06 AM

The way price is consolidating above the broken trendline makes it a high probability to explode upwards. I am still in, and wait for this smaller correction to be over..

BanClassic

⋅ May 19, 2016 10:08 AM

OK Thanks

fuqua

⋅ May 18, 2016 4:14 PM

is this trade still valid ?

Fxprotrader

⋅ May 18, 2016 7:48 PM

Yes of course..

hhc

⋅ May 17, 2016 6:06 PM

Great Idea, i am on the trade with your setup. Thank you for all your ideas, really good ones. any update on this one?

Fxprotrader

⋅ May 18, 2016 4:29 AM

Thank you for you kind words.It looks like it's pulling back to retest the broken level. From there we should see a new move up.