Cherry94

Breakout after a pullback towards the local trend

Panjang
Cherry94 Telah dikemas kini   
FX:AUDCAD   Dolar Australia/Dolar Kanada
The market broke out C and managed to hold above it. I assume the downtrend on D is reversing. I opened the position at "A" break out, Stop loss is set under one of the 4H candles lows. Profit target before September high (B).

*I allocated 50% of my normal risk in this trade. Other 50% belongs to an almost identical position in AUDCHF. The idea is to diversify risk and to observe till what extend these pairs are correlated.

*CADCHF chart is in the range state so it's quite hard to say which currency has stronger prospectives.

Dagangan ditutup: hentian tercapai:
trailing stop reached

Penafian

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