AUDCAD - LONG

Mar 16, 2021

AUDCAD

Analysis (Reason for entry):

- Previous resistance on the daily chart just got hit
- Bullish divergence between price action and RSI
- WAIT for price to brake AND close above the EMA(50)


Levels:

Stop Loss: 20 Pips below previous low
Take Profit: You can use a fix take profit or trailing stops (ex. 1R, 2R, 3R)



Wish you a great week!!!

Mr Ross Trader

Mar 17, 2021

Note

- Adjusted Stop Loss to current price
- Still waiting for the price to break and close above the EMA (50)