AUDCAD : WAITING FOR LONG POSITION.
In the name of Allah, the Most Gracious, the Most Merciful.
Market Structure in Weekly Time Frame is a Descending channel pattern.
AUDCAD Is Following Ascending Channel pattern in Daily Time Frame.
We Are Looking in 1 Hrs Time Zone For Entry we need to wait Till Market test the Ascending Channel Support line.
Risk is 27 pips Reward is 214 Pips
How to Trade?
Use Take Profit As per Trend line Swing high point There is 3 Take Profit 2 As per 1 Hrs time frame which is on
the basis of the Trend line and 3rd Take profit will be at the Ascending Channel Pattern Resistance level.
IT IS HIGHLY RECOMMENDED TO FOLLOW RISK MANAGEMENT STRATEGY.
HOW TO TRADE ON OUR SIGNALS.
We Explain above you use that lot size whatever Capital you have.
Let say, for example; you have 4000 Dollars Capital.
We Posted Trade which has 4 Take Profit.
We will use 0.20 Total lot size We will divide it
in 4 Orders.
0.20 lot Divided by 4 Take profit = 0.05 Lot size.
So we will open 4 Trade with 0.05 Lot size for each trade.
Let See How We will do.
1st Trade 0.05 Lot: Stop loss Same >> Take profit will set to First target.
2nd Trade 0.05 Lot: Stop loss Same >> Take profit will set to Second target.
3rd Trade 0.05 Lot: Stop loss Same >> Take profit will set to the Third target.
4th Trade 0.05 Lot: Stop loss Same >> Take profit will set to the fourth target.
Let Say Our First Target Hitted Then you need to Move All Remaining Trade stop loss to Entry.
If Our Second Target Hitted Then You Need to move All Remaining Trade stop loss to First Target.
If our Third Target Hitted then You need to move All Remaining Trade stop loss to Second Target and So On.
Note: This is only for Educational purposes; this is not investment advice.
Thanks
Adil Khan.
Market Structure in Weekly Time Frame is a Descending channel pattern.
AUDCAD Is Following Ascending Channel pattern in Daily Time Frame.
We Are Looking in 1 Hrs Time Zone For Entry we need to wait Till Market test the Ascending Channel Support line.
Risk is 27 pips Reward is 214 Pips
How to Trade?
Use Take Profit As per Trend line Swing high point There is 3 Take Profit 2 As per 1 Hrs time frame which is on
the basis of the Trend line and 3rd Take profit will be at the Ascending Channel Pattern Resistance level.
IT IS HIGHLY RECOMMENDED TO FOLLOW RISK MANAGEMENT STRATEGY.
HOW TO TRADE ON OUR SIGNALS.
We Explain above you use that lot size whatever Capital you have.
Let say, for example; you have 4000 Dollars Capital.
We Posted Trade which has 4 Take Profit.
We will use 0.20 Total lot size We will divide it
in 4 Orders.
0.20 lot Divided by 4 Take profit = 0.05 Lot size.
So we will open 4 Trade with 0.05 Lot size for each trade.
Let See How We will do.
1st Trade 0.05 Lot: Stop loss Same >> Take profit will set to First target.
2nd Trade 0.05 Lot: Stop loss Same >> Take profit will set to Second target.
3rd Trade 0.05 Lot: Stop loss Same >> Take profit will set to the Third target.
4th Trade 0.05 Lot: Stop loss Same >> Take profit will set to the fourth target.
Let Say Our First Target Hitted Then you need to Move All Remaining Trade stop loss to Entry.
If Our Second Target Hitted Then You Need to move All Remaining Trade stop loss to First Target.
If our Third Target Hitted then You need to move All Remaining Trade stop loss to Second Target and So On.
Note: This is only for Educational purposes; this is not investment advice.
Thanks
Adil Khan.
