globalfxkingz
Long

AUDCAD - HUGE BREAKOUT OPPORTUNNITY

FX:AUDCAD   Australian Dollar/Canadian Dollar
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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