allisictrading

AUDCAD HTF Long opportunity

Long
OANDA:AUDCAD   Australian Dollar/Canadian Dollar
CONFIRMATIONS:
- Price crossing trendline and showing a long signal.
- Volume weighted histogram crossing signal line, showing bullish momentum. A new bar on the histogram showing an even more bullish continuation.
- LVN on volume profile , followed by POC (TP target).

All trades start at a 1:1 RR. SL is then trailed at trendline once price action crosses initial TP.
At TP cross you CAN partially close the order or simply open up the TP and move trade immediately to breakeven and then start trailing stop one trendline enters profitable territory. This is in an effort to mitigate any loss whilst also maximising profit potential.

Happy trading! :)

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