AUDCAD: Possible short (4H & daily)

Possible formation of second leg (for details pls. see daily). For TP/SL pls. see chart. Two different trades (4H & daily). Entry level is the same. So I am not trading the pullback of the AB=CD, I am speculating on a trend continuation and completion of the second leg. After the completion we can talk about the retracement.

This is not an investment advice this is just my personal opinion.

Comment:

You will find similiar set-ups for some majors…

Trade active:

Half position... Tight SL

Comment:

Moving like the EURCAD trade… Good Timing so far. To be on the safe side I move SL to BE. I still have to decide when I move short with full position. Gonna update the trade.

Trade closed: stop reached:

SL was triggered... I will follow up on this one.

Trade active:

Half Position... Tight SL

Comment:

Second half of the position was triggered.

Comment:

Back on track

Comment:

Take profit guys :) 90 pips if you entered second position/ 130 pips if you have been a little bit more agrresive… For me it is a mix of the two, hence: 110 pips minus (spread/swap rate). Move SL to BE and let´s see if we gonna make it to our final destination (expect some ups/downs till final target).

Comment:

Guys first target is hit perfectly... Now you should have just the second trade runnning...

Comment:

We saw a massive drop this week and I hope you enjoyed it. Next week we might see some pullbacks and we might need to adjust our TP to 0,93250 otherwise we risk to be stucked for one/two more weeks in this trade. In this case I would prefer to do two seprate trades. Ride safe guys.

Comment:

140 pips… & back on track. If we refuse to move below 0.9350 expect a pulllback, so you have to decide if you gonna close the trade or if you just let it go. I am gonna move SL from BE to slighlty above TP1...

Comment:

190 pips… only 70 left.

Trade closed: target reached:

TP was perfectly hit: Both the 110 pips as well as the 260 pips…