AUDCAD VIP SHORT

AUDCAD SHORT
Why are we entering?
- Expecting AUD weakness and CAD strength
- We are approaching a structure level and descending trendline
- We are approaching our DAILY EMA

What are we waiting for to happen?
- Rejection of trendline & structure level
- Price to reject our DAILY EMA
- Break of possible RISK trendline

Entry
SAFE Entry: Rejection structure level, trendline & DAILY EMA & a break of our possible RISK trendline
RISK entry 1: Rejection structure level, trendline
RISK entry 2: Early break of possible RISK trendline

Once entered, where will our Stoploss be?
- Above the structure zone & trendline (above 0.923) 30 pips

Where do we take profits?
- Secure profit multiple times along the way (30 pips, 60 pips, 120 pips, 200 pips)
- First TP - First structure zone / previous low : 0.891 (290pips)
- Final TP - Channel support : 0.873 (470pips)