faithintrade

AUDCAD PRICE TRAP 1HR tf

faithintrade Updated   
OANDA:AUDCAD   Australian Dollar/Canadian Dollar
AUDCAD Price Trap - (BUY/SELL)

BUY
Entry: If price break and closes above
alert price on the 1hr tf, enter on the break or the retest
Alert: 0.98837
TP1: 0.99106 (27 pips)
TP2: 0.99400 (57 pips)
TP3: 0.99631 (80 pips)
TP4: 0.99905 (107 pips)
SL: 0.98491 (34 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits

SELL
Entry: If price break and closes below
alert price on the 1hr tf, enter on the break or the retest
Alert: 0.97798
TP1: 0.97542 (25 pips)
TP2: 0.97306 (49 pips)
TP3: 0.97171 (62 pips)
SL: 0.77206 (26 pips)
If it breaks TP1, or is considerably in profit,
move your stop into profit or close in profits

THESE ARE N.O.T. PENDING ORDERS
MUST WAIT FOR THE BREAK & CLOSE
Trade closed: stop reached:
BUY
Trade closed: target reached:
SELL

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