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pecpec
Apr 14, 2018 3:21 PM

Simmetrical triangle Long

FX:AUDCAD1D
Australian Dollar/Canadian DollarFXCM

Description

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Pros
  • Test the ascending trendline 5th time.
  • Good P/L ratio

Cons
  • Countertrend

Strategy
Buy on touch the uptrend with a close stop.
*For greater confidence on the trade, search for reversal patterns at 1h-4h like doble bottom/H&S, brakes of the downtrend in RSI and/or divergences

Trade closed: stop reached

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Sometimes this happen.
Trend LinesTriangleLONGmediumtermAUDCAD
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