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PriceActionTrading

AUDCAD LONG H4

Long
Australian Dollar/Canadian Dollar (FX:AUDCAD)  
PriceActionTrading Updated   
FX:AUDCAD   Australian Dollar/Canadian Dollar
5
1
ENTERED LONG BASED ON PRICE ACTION AND REJECTION OFF 1.0000/FAILED TO CLOSE BELOW 1.0000 ON FIRST TRY.
REASONABLE RISK VS REWARD.

H4 PIN BAR FORMED @ 1.0000 AND A H4 CLOSE ABOVE THE PIN CONFIRM REVERSAL.
STOP LOSS WOULD BE AT A REASONABLE CLOSE BELOW THE H4 PIN (0.99558).

A FAIR VALUE TRADE.
Trade active:
ENTERED @ 1.0020
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