AUDCAD : BUY

TRADE PARAMETERS
Pick Date : 03/21/18
Entry : 0.9980
Stop : 0.9960
Target : 0.0180

TRADE STRATEGY
Income Type : Swing

ENTRY
0.9980 is a newly formed 2H demand zone on zone. Will be doing a set and forget limit order. Price will need to have a strong move into the zone.

STOP
0.9960 is 20PIPs right outside of the low for some protection

TARGET
0.0180 is the same weekly supply zone.
A 4H supply zone was formed, will be hard to break the first test.

NOTES
A second re-entry is possible maybe more probable too lower.
Entry : 0.9950
Stop : 0.9930
Target : 0.0180

Trade active:

Trade opened, will actively monitor now.

Comment:

Not looking so healthy ATM. We'll keep managing it may be a manual close from here and wait for the second entry.

Trade closed manually:

I manually closed for a -5 pip lot but re-entered lower at 0.9971

Trade active:

Re-entered the trade at 0.9971 and thing are much healthier. Will actively manage

Trade active:

Price is testing a new 4H demand zone ATM. We'll see if it's going to break it or not.

Trade active:

This might have to be a 1:3 risk to reward deal. Looks like some AUD news coming soon.

Trade closed: target reached:

Moved target to 60 pips, took 1:3 RR. That was a good call news was negative for AUD, that popped things up and now has been drifting down. Looking for a new setup

Trade active:

Re-entered with second entry at 0.9940 confirmation. Stop at 0.9920. Trade looking healthy so far

Trade closed: stop reached:

Re-entered but the trade reversed and stopoped out