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DaneelDouglas

Down trend continuation trade

Short
Australian Dollar/Canadian Dollar (FX_IDC:AUDCAD)  
DaneelDouglas Updated   
FX_IDC:AUDCAD   Australian Dollar/Canadian Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis
3
0
trendanalysis chartpattern beyondta
This is a trend continuation trade. It takes into account the strength of each currency with Cad currently being stronger than aud. This is a 1 risk 2 reward trade setup. ADX has crossed into selling zone on the hourly.
Trade active:
Goiing short. 3PM
Comment:
Stop set above 1.00390 previous high on hourly. But for a safer trade put above 1.00555 on the 4 hourly.
Trade closed: target reached:
First Target reached
Comment:
Move stop to breakeven. Evenjoy profit if you are with me.
Trade closed: target reached:
Target 2 reached. Might close trade completely
Trade closed manually
Comment:
tHANK YOU FOR PROFIT
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