AUDCAD: Speculating on More Upside #forex

FX:AUDCAD   Australian Dollar/Canadian Dollar
1532 4 30
Recently the price broke above the 50-days SMA and completed a non-ideal inverse head and shoulders pattern. Supported by bullish divergence on RSI .

The price was halted at the main descending resistance, retreating towards the broken neckline for the Inverse H&S and the 50-days Average.

I already have a long position active, however the for a better risk-reward i would average slightly lower.

Good luck
Exclusively Subscribers to my mailing list will get one month access to my trading account . subscribe here ,
My best regards

Trading Criteria:
1.Trades are taken in two units
2.First unit would be closed at first target
3.Stop loss is then moved to break-even
4.Second unit would be closed at second target
5) If 90 percent of first target is reached without triggering entry I cancel the trade
6) If 90 percent of first target is reached I move stop loss to breakeven.
7) Remember: Losing is a main part of the game
I teach my experience conclusions in 14 trading strategies. PM me for details and cost.
Nice trade
Going Good.....
+1 Reply
+3 Reply
Nice analysis Technician, Good luck :)
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out