yashp1
Long

Bullish on AUDCAD if CPI numbers come out strong.

FX:AUDCAD   Australian Dollar/Canadian Dollar
Hi Everyone, Thanks for the support!

Today AUDCAD             has broken through a very strong resistance zone and looks like it's going to leg up higher on expectation of strong CPI             numbers from Australia. This is a swing trade that I will be taking.

Entered to buy 1.0174/
Stoploss at 1.0077
target one at 1.0301
target two at 1.04000
target three at 1.04950


if target one is reached adjust stop to break even or to 10 pips below the 8ema (which ever is a greater pip amount.) and withdraw half the amount. If target two is reached, remove half of what's left and bring your stop to target one's lvl             . At this point price will start to consolidate for a while, it's a personal choice to either stay in the trade and wait for target three to get hit, or to exit the trade alltogether. As usual I'll not be taking more than 2% risk.
At any point if there is a break and close of 2 consecutive daily candles below the 20 day moving average I will exit the trade.
Trade safe.
This is not a recommendation to buy or sell, trading is high in risk, you are responsible for losses incurred.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out