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RaynLim

A Classic Support & Resistance Trade

Kort
Australiensisk dollar/Kanadensisk dollar (FX:AUDCAD)  
RaynLim  
FX:AUDCAD   Australiensisk dollar/Kanadensisk dollar
Support and Resistance Candlestick Analysis Chart Patterns askforex100 AUDCAD candlestickpattern countertrend sidewaysmovement sidewaybounce Contains IO script
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supportandresistance candlestick chartpattern askforex100 audcad candlestickpattern countertrend sidewaysmovement sidewaybounce containsioscript
I'd engaged in a classic Support and resistance trade with 1 single target and observed candlestick movement on a key turning point.

Shorted AUDCAD at 0.8845 and my Initial Stop-Loss is at 0.8864(-19pips)(~190usd/lot).

Once the market hit 0.8829, I would shift stop to entry(SLE), attaining a risk-free trade.

In between I do nothing!
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