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UnknownUnicorn2396129

AUDCAD - HUGE BREAKOUT OPPORTUNNITY

Long
Australian Dollar/Canadian Dollar (FX:AUDCAD)  
UnknownUnicorn2396129 Updated   
FX:AUDCAD   Australian Dollar/Canadian Dollar
Support and Resistance Trend Lines Parallel Channel AUDCAD audcadshort audcadlong audcadsetup audcadanalysis audcadforecast audcadsell audcadbuy audcad30min
2
0
supportandresistance trendline parallelchannel audcad audcadshort audcadlong audcadsetup audcadanalysis audcadforecast audcadsell audcadbuy audcad30min
As previously stated in our short opportunity trade, price has been travelling in a descending channel and has also been travelling within its support and resistance zones very strongly. HOWEVER - Price broke out of the channel to the upside and also broke above a resistance zone at the same time. we have seen a slight retest downwards which is where we have executed our long orders. We have placed 2 trades, both with different Take Profits which are shown above.
Comment:
ANALYSIS PLAYING OUT PERFECTLY
Trade closed: target reached:
TP 1 HIT
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