Plan 1 of February: AUDCAD swing trade: Waiting for a buy entry

10 Feb 2020

Audcad is now in the weekly support zone. If you look at the weekly chart you can see the big sideway structure.
Therefore, I am waiting for a bullish signal to buy Audcad.
Click the Follow button or follow my public telegram to get an update on Entry, Stoploss, and Target.

Happy trading,
Jack Le

10 Feb 2020

Nota

A big sideway structure on the weekly timeframe.

10 Feb 2020

Nota

The downtrend on H1 timeframe has been broken.
Entry zone 0.887x - 0.890x
Stoploss 0.8856
Target 0.898 or higher

10 Feb 2020

Nota

First position: Buy Audcad 0.8898, SL 0.8856
I will update again if H1 is again back to downtrend structure

10 Feb 2020

Nota

Unfortunately, audcad was back into the downtrend on H1 timeframe. I am out of 1/2 position at 0.8994 and waiting for more bullish signals.

10 Feb 2020

Nota

A bullish flag is forming. I added more buying position and it should not drop below 0.889 anymore.

11 Feb 2020

Nota

Nice rally. Move sl to 0.8879

11 Feb 2020

Nota

Luckily, we pocket this upward swing of AUDCAD:)

12 Feb 2020

Nota

Similar to Audusd, 0.894x attracts a number of Audcad sellers. Our TP1 should be here.

13 Feb 2020

Nota

This swing has 87 pips in 2 days 14 hours.
How many pips did you collect?

13 Feb 2020

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