BUYING AUDCAD NOW at market price - pure technical

20 sept. 2018

I am buying AUDCAD right now shooting for 82pips or potentially 212pips. Even though AC still looks bearish in a comfortable downtrend channel, I prefer to look into its future :). CAD seems to have come to the end of its bull-run and AUD still looks bullish. So technically speaking, I am officially a bull on AC.
If anyone is going to mirror this trade, bear in mind that I am risking slightly over 100pips from recent profits!! So, manage your money wisely :)
Now let the party begin :D

20 sept. 2018

Note

MY TRADE SETUP IS AS FOLLOWS:
I usually open 2 positions at Entry 1 (1 to be closed at TP1 and the second to be trailed towards TP2), and set a pending buy limit order at Entry 2 for TP2.

I risk a MAXIMUM of 1% on each entry hence a total of 3% for every setup. This way I can protect myself in case the unthinkable happens.
Cheers!

20 sept. 2018

Transaction en cours

SL trailed to break-even. This is now a risk-free trade.

21 sept. 2018

Transaction en cours

SL trailed to lock in 10pips

21 sept. 2018

Trade fermée: ordre d’arrêt atteint

Trade Closed: Stoped out with 10pips profit.

21 sept. 2018

Note

Now waiting for news event to pass then on monday, I will consider re-entering.
Entry 2 pending order is still intact.

24 sept. 2018

Transaction en cours

I got back into this trade at London open, so it's game on...

24 sept. 2018

Trade fermée manuellement

Am out of this one now. It's failed to pan out within my time limits. I will settle for the 10 pips I made on the first trade.
--AM OUT--