AUDCAD : BUY

Apr 20, 2018

AUDCAD

TRADE PARAMETERS
Pick Date : 04/19/18
Entry : 0.9749
Stop : 0.9734
Target : 0.9949

TRADE STRATEGY
Income Type : Swing

ENTRY
0.9749 is a fresh 3H demand zone DbR created on the last move up. Speculating an intermediate trend change going long. Will be doing a set and forget limit order. One can enter in the zone at 0.9756 just use risk management and position size accordingly with the suggested stop. Price will need to have a strong move into the zone.

STOP
0.9734 is 15 PIPs right outside of the low for some protection.

TARGET
0.9949 is 200+ PIPs up in a fresh daily supply flip zone. Then looking to short right back down to continue down trend.

Apr 20, 2018

Trade active

Trade just opened at 0.9749, we'll see if this zone holds or not