BUYING AUDCAD NOW at market price - pure technical

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

Commentaire:

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!

Transaction en cours:

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

Transaction en cours:

SL trailed to lock in 10pips

Trade fermée: ordre d’arrêt atteint:

Trade Closed: Stoped out with 10pips profit.

Commentaire:

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

Transaction en cours:

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

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--