AUDCAD High RRR position
Price decline previous intention to go higher, Sell orders are overtaking buy orders!
Using good resistance level (Historical Huge sell order) as defend for Stop Loss, aiming for good TAKE PROFIT level.
Stop Loss and Take Profit = High RRR => Execute TRADE PLAN
Using good resistance level (Historical Huge sell order) as defend for Stop Loss, aiming for good TAKE PROFIT level.
Stop Loss and Take Profit = High RRR => Execute TRADE PLAN
Kommentera:
Bar on 30-Apr-19 01:00 further shows sellers intention to push price lower!
Kommentera:
Price did not hit entry level but overall headed favorable direction
Kommentera:
Effectiveness of strategy is proven by steepness of slope from bar 30th Apr 01:00 to TP level!
Upon reaching the TP level, downtrend momentum starts to slow.
Upon reaching the TP level, downtrend momentum starts to slow.