AUDCAD
TRADE PARAMETERS
Pick Date : 04/19/18
Entry : 0.9749
Stop : 0.9734
Target : 0.9949
TRADE STRATEGY
Income Type : Swing
ENTRY
0.9749 is a fresh 3H demand zone DbR created on the last move up. Speculating an intermediate trend change going long. Will be doing a set and forget limit order. One can enter in the zone at 0.9756 just use risk management and position size accordingly with the suggested stop. Price will need to have a strong move into the zone.
STOP
0.9734 is 15 PIPs right outside of the low for some protection.
TARGET
0.9949 is 200+ PIPs up in a fresh daily supply flip zone. Then looking to short right back down to continue down trend.
Trade active:
Trade just opened at 0.9749, we'll see if this zone holds or not