Short FX:AUDCAD based on rejection of 1 hour resistance zone and what looks like a possible pull back off the hour hour market structure.
Details: Short Entry @ 0.95119 Stop @ 0.95269 (15 Pips) Also have a 15 Pip Trailing Stop Set. Initial Take Profit @ 0.94808 Lot Size: 10k Opening Account Value $165.00
4 Hour
1 Hour
30 Min
Just a newbie trader whos blown one too many accounts trying to find his way in the markets.
Would love to get feedback on my idea and analysis.
Trade closed: stop reached
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Trailing Stop hit @.95139 (-2 Pips) overnight.
Price is still well below my initial stop but the daily candle seems to have respected support and closed bullish.
Lot Size: 10k Opening Account Value $165.00 Closing Account Value $162.01