Technician
Short

AUDCAD: Pulling the Short Trigger

FX:AUDCAD   Australian Dollar/Canadian Dollar
631 10 3
Update: Moved stop to entry
Update: Closed my two positions at 0.9960.
Profit(pips)= 45x2=90

Price failed at 1.0050 resistance level today, was rejected to form a bearish shooting star . in addition to a potential bearish rising wedge in play. Another possible short here unless price decisively break above 1.0050 resistance

9 Trades to 100 Trades
I will be publishing detailed stats for my first 100 trades on tradingview

https://twitter.com/thefxchannel
thefxchannel.com



Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is moved to breakeven
4. Second unit at second target
5. If 90 percent of first target is reached without triggering entry, trade is cancelled
6. Remember: Losses is a main part of the game ;)
https://thefxchannel.com
Nice selloff!
Reply
alex.a Technician
CAD got stronger after weaker GDP. Don't know why.
Reply
Update: Close my two positions at 0.9960.
Profit(pips)= 45x2=90
Reply
SwingAndPip Technician
It's right at that wedge though.
Reply
Moved stop to entry
Reply
This one is active now
Reply
Barabaszek Technician
Working.Good Luck.
Reply
Technician PRO Barabaszek
Yeah, this one is a bit concerning for me .. As i am bullish on AUD. But I am doing some sort of hedge on this trade, as i am long aud against euro
Reply
It has developed strong resistance at 0.995 area
snapshot
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out