Short AUDCAD - Rejection Of 1 Hour Resistance Zone

Short AUDCAD based on rejection of 1 hour resistance zone and what looks like a possible pull back off the hour hour market structure.


Details:
Short Entry @ 0.95119
Stop @ 0.95269 (15 Pips) Also have a 15 Pip Trailing Stop Set.
Initial Take Profit @ 0.94808
Lot Size: 10k
Opening Account Value $165.00

4 Hour

1 Hour

30 Min

Just a newbie trader whos blown one too many accounts trying to find his way in the markets.

Would love to get feedback on my idea and analysis.

Transakcja zakończona: osiągnięto poziom stop:

Trailing Stop hit @.95139 (-2 Pips) overnight.

Price is still well below my initial stop but the daily candle seems to have respected support and closed bullish.

Lot Size: 10k
Opening Account Value $165.00
Closing Account Value $162.01