ThomasJeff_DCM
Long

AUDCAD counter trend long opportunity on cypher formation

FX:AUDCAD   Australian Dollar/Canadian Dollar
38 0 3
7 months ago
Here on the AUDCAD             it looks like we got some short term relief, from the heavy bear trend we have been in for a while. Down at structure support we got a Cypher formation forming up to catch a relief if we get it, so we only go for 1 target. PRZ is at 0,94820

Kind Regards
Thomas Jeff
7 months ago
Comment: Trade Invalid - Orders removed. We have had quite a lot of setups come within a few pips at our PRZ and then reverse to target. I have recieved quite a few messages about front running orders. And i will repeat it here again - It´s a very bad habit to get into. Moves happening without triggering a buy order is just part of the game - Part of a tradeplan. If you front run your orders, and those orders suddenly don´t get hit for a while, then people front run more and more until your Risk / Reward is so bad that you will suffer a bad drawdown when it hits you. So keep these trades as a setup that did not trigger. And stop calculating how much you would have made! It´s an important lesson.

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