AUDCAD Long

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Saw this double bottom form on the daily at a big demand zone and waited for the structure to break.
The I went long - pretty simple. Now let's see if it works!

What I haven't mentioned in earlier trades is that I typically cut my losers quick if they start going against me. Let's see what I do with this one.

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ملاحظة

Nice push to the upside - I will likely let this one run over the weekend.

١٦ سبتمبر ٢٠١٩

ملاحظة

Big gaps down - not nice. I put this trade at breakeven so I can focus on other potential setups. Only way I'll care about this one is if it decides to go my way again.

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تم إغلاق الصفقة يدويًا

SL at break even got hit. No problem - these things happen.
Limiting your losses is the best way to keep going forward.

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ملاحظة

And it's a good thing here at YoungFinance we focus on preserving capital just a little bit more than making profits! When you cut your losers, you win!