AUD/CAD Power Trend Strategy - LONG
Chart: Daily
Trend (D): Bullish
Strategy: Power Trend (Swing Trade)
Bullish Evidence:
1. Price has formed higher lows (red circles)
2. Price rejects weekly trendline support
3. Price rejects daily support level @ 0.99680
4. Price broke above daily trendline resistance now turned support
5. Two Low test candlestick patterns rejecting 50 EMA (Green circle)
Note: The strategy produced a buy signal on Thursday 3rd of Aug 2017, however a LONG entry can still be made should price retrace
back to the previous bear candles high or open price.
Agree / Disagree?
Comment below!
Trend (D): Bullish
Strategy: Power Trend (Swing Trade)
Bullish Evidence:
1. Price has formed higher lows (red circles)
2. Price rejects weekly trendline support
3. Price rejects daily support level @ 0.99680
4. Price broke above daily trendline resistance now turned support
5. Two Low test candlestick patterns rejecting 50 EMA (Green circle)
Note: The strategy produced a buy signal on Thursday 3rd of Aug 2017, however a LONG entry can still be made should price retrace
back to the previous bear candles high or open price.
Agree / Disagree?
Comment below!
Transaction en cours
Trade opened on Market open this morning. Stops below bearish low test candle low.
Target has been left open.
Trade fermée manuellement
Price is ranging - bad for my strategy.Closed position pending market direction + candlestick patterns.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.