tradingfrog

AUDCAD [Potential short]

Short
tradingfrog Updated   
FX:AUDCAD   Australian Dollar/Canadian Dollar
1. Price come to H4 resistance.
2. On H4 my bias is go short.
3. On M15 timeframe I would like the see couple of more candles spike out
4. I will then put SELL STOP below the H4 resistance stoplose about the resistance to capture downward momentum
This trade will have only 5pips stop and 15 pips target, will go breakeven when price move down 5pips and let the rest run.
Comment:
Waiting... and waiting.. and waiting.. give me a push!
Trade active:
Alarm triggered, spike on M5 sell STOP placed and kick in:
Comment:
M5 view:
strong rejection, bull try to push back up but having trouble, will see! anything will happen.
All I want to get into a breakeven trade and let it payout.
Trade closed manually:
looks like more bull pressure close @0.95396 with small lose and cost
Comment:
Comment:
after update. it did break above
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.