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faithintrade
Mar 2, 2021 8:55 PM

AUDCAD PRICE TRAP 1HR tf 

AUD/CADOANDA

Description

AUDCAD Price Trap - (BUY/SELL)

BUY
Entry: If price break and closes above
alert price on the 1hr tf, enter on the break or the retest
Alert: 0.98837
TP1: 0.99106 (27 pips)
TP2: 0.99400 (57 pips)
TP3: 0.99631 (80 pips)
TP4: 0.99905 (107 pips)
SL: 0.98491 (34 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits

SELL
Entry: If price break and closes below
alert price on the 1hr tf, enter on the break or the retest
Alert: 0.97798
TP1: 0.97542 (25 pips)
TP2: 0.97306 (49 pips)
TP3: 0.97171 (62 pips)
SL: 0.77206 (26 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits

THESE ARE N.O.T. PENDING ORDERS
MUST WAIT FOR THE BREAK & CLOSE

Trade closed: stop reached

BUY

Trade closed: target reached

SELL
Comments
Henry_Ross
Good chart
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