mrsaetervik

Nice little break coming up

Long
mrsaetervik Updated   
FX:AUDCAD   Australian Dollar/Canadian Dollar
Looking to take a little trade of hopefully 50-60 pips, if price plays out like I hope. Ideal entry after a lower trendline bounce, let's see how it plays out first
Comment:
The analysis is still valid, we're getting closer a breakout now!
0.97800 is my 1st TP, from there we might see a small retrace down to 0.97500 before going further, I might concider taking 0.98100 as 2nd TP.
Comment:
need to see a clearer confirmation before I enter, waiting for the 4H to close, hopefully over 0.97500
Comment:
4H candle did not close above 0.97500, let's see if the 1H candle can do it...
Trade closed: target reached:
forgot to update, but I took 0.9810 as targeted. Opened a second position at 0.9750 and a third position after the trendline retest where it broke the daily.
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