AUDCAD Training Analysis Possible Buy Idea
Overall Uptrend on the Daily
Double Top on the 15 Minute, Broke Neckline,
then Bounced off Smaller Trend Line back up.
Price Trapped on the 15 minute,
Expecting upward breakout as last candle is bullish.
Bounce on the 38.2% Fib.
Possible Entry for a Buy after break of Trend.
@0.95139
TP Set for 0.00% At 0.95299 (160 m pips)
SL Set for right below Trend Line.
0.95059 (80 m pips)
1:2 Risk Management
Double Top on the 15 Minute, Broke Neckline,
then Bounced off Smaller Trend Line back up.
Price Trapped on the 15 minute,
Expecting upward breakout as last candle is bullish.
Bounce on the 38.2% Fib.
Possible Entry for a Buy after break of Trend.
@0.95139
TP Set for 0.00% At 0.95299 (160 m pips)
SL Set for right below Trend Line.
0.95059 (80 m pips)
1:2 Risk Management