AUDCAD - Long Position Trade

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Hello traders, if you like the idea, do not forget to support with a like and follow.

Today we are monitoring AUDCAD for a long position. It is sitting around a strong support area .

on 1HR: AUDCAD formed a three bar reversal price action in a support level which enables us to execute a long trade.

Trade call:
Long AUDCAD with risk of 2% of capital.

Price of execution: 0.90661
TP1: 0.91609
TP2: 0.92330

SL: 0.90661 -> we would get off the trade in a loss if price broke the support area with a confirmation candle.



Good luck!

The essence of investment is management of risks, not the management of returns.
~MT
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This is not a financial advice, nor I am a financial advisor. Trade at your own risk. Do your own research.

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ملاحظة

Price have reached our first target.

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تم إغلاق الصفقة يدويًا

We have accumulated 111 pts on this trade. Lets not be greedy, only couple more points to reach our 2nd target. I have closed the trade.