timmynorin

AUDCAD 4h - short setup

Short
FX:AUDCAD   Australian Dollar/Canadian Dollar
Rejections at 1.003 and 1.004, which also happens to be a historical structure area and a 0.618 fibonacci together with weakening momentum. These key points build this case for me.
Aiming for first profit at 0.994 and final at 0.988
Comment: First target hit, moving stop loss to break even.
Trade closed: target reached: Final target hit, position closed

Comments

Follow up trade:

Reply
timmynorin timmynorin
@timmynorin, Closing one of two positions with 50 pips profit. Keeping remaining position at +20 pips stop loss, 64 pips deep currently, 13 pips from target.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out