Long
AUDCAD
from .91686
Stop : .91 - Long term resistance & bottom of current channel
TP: .94144 - 61.8 fib retracement + top of current channel
Partial profit taking at 38.2 50%
3.9:1 R:R
Reasons for this trade:
1) Location
- At major resistance & bottom of channel
2) Indicator confirmation:
- Confirmed MACD Divergence
- Willy crossing from over sold
- W in OBV
3) Price structure
- W in price
AUDCAD
from .91686 Stop : .91 - Long term resistance & bottom of current channel
TP: .94144 - 61.8 fib retracement + top of current channel
Partial profit taking at 38.2 50%
3.9:1 R:R
Reasons for this trade:
1) Location
- At major resistance & bottom of channel
2) Indicator confirmation:
- Confirmed MACD Divergence
- Willy crossing from over sold
- W in OBV
3) Price structure
- W in price
Trade closed: stop reached:
Stopped out at .91