Plan 1 of February: AUDCAD swing trade: Waiting for a buy entry

Audcad is now in the weekly support zone. If you look at the weekly chart you can see the big sideway structure.
Therefore, I am waiting for a bullish signal to buy Audcad.
Click the Follow button or follow my public telegram to get an update on Entry, Stoploss, and Target.

Happy trading,
Jack Le

Comment:

A big sideway structure on the weekly timeframe.

Comment:

The downtrend on H1 timeframe has been broken.
Entry zone 0.887x - 0.890x
Stoploss 0.8856
Target 0.898 or higher

Comment:

First position: Buy Audcad 0.8898, SL 0.8856
I will update again if H1 is again back to downtrend structure

Comment:

Unfortunately, audcad was back into the downtrend on H1 timeframe. I am out of 1/2 position at 0.8994 and waiting for more bullish signals.

Comment:

A bullish flag is forming. I added more buying position and it should not drop below 0.889 anymore.

Comment:

Nice rally. Move sl to 0.8879

Comment:

Luckily, we pocket this upward swing of AUDCAD:)

Comment:

Similar to Audusd, 0.894x attracts a number of Audcad sellers. Our TP1 should be here.

Comment:

This swing has 87 pips in 2 days 14 hours.
How many pips did you collect?

Trade closed manually