Forex can be owned and tamed...
You must first own and tame yourself!
AUDCAD made higher highs until it stopped/turned/started again in the direction to create new lows. New lows started to form which broke below previous price points that had buyers interested (demand zone).
When my alert went off to signal to me that price had broken below, I set my Sell Limit and used a Stop Loss as well as a Take Profit. Merry Christmas !!! New Year next week.
AUDCAD made higher highs until it stopped/turned/started again in the direction to create new lows. New lows started to form which broke below previous price points that had buyers interested (demand zone).
When my alert went off to signal to me that price had broken below, I set my Sell Limit and used a Stop Loss as well as a Take Profit. Merry Christmas !!! New Year next week.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.