AUDCAD Long
Direction: - AUDCAD was in Bullish Orderflow, and the trade presented itself in a Bullish OrderBlock.
- Previous high held was broken yesterday, indicating they were going to continue going long.
Entry: - W (Double Bottom) Pattern formed at low of the day.
- Low of the day was created when candles closed above the 800 EMA, and pinned below. This indicates possible low.
- Shark-fin (RSI crossed above Signal Line) indicated price was going to rise.
- RSI Line was below the 32 indicating the pair was oversold.
Exit: - 25 pip SL @ just below YL (Yesterday's Low).
- 52 pip TP @ YH (Yesterday's High) & RSI, Signal Line Cross.
Direction: - AUDCAD was in Bullish Orderflow, and the trade presented itself in a Bullish OrderBlock.
- Previous high held was broken yesterday, indicating they were going to continue going long.
Entry: - W (Double Bottom) Pattern formed at low of the day.
- Low of the day was created when candles closed above the 800 EMA, and pinned below. This indicates possible low.
- Shark-fin (RSI crossed above Signal Line) indicated price was going to rise.
- RSI Line was below the 32 indicating the pair was oversold.
Exit: - 25 pip SL @ just below YL (Yesterday's Low).
- 52 pip TP @ YH (Yesterday's High) & RSI, Signal Line Cross.