AUDCAD long
Hi traders posting this a few days late, i took the trade at 9:29 01/03/2018 MT4 time.
Reason was continued uptrend shown by EMA's and pullback to .618 and rejection off this level. 4 hour chart which is my trading time frame shows 3 rejections on this level and i enter on second as per system.
Stop was placed at .786 retracement as stated in system rules.
Will be looking to hold until trail takes me out or i make many multiples.
Please see trade below which is opposite direction based on system and also acts as a nice hedge.
Reason was continued uptrend shown by EMA's and pullback to .618 and rejection off this level. 4 hour chart which is my trading time frame shows 3 rejections on this level and i enter on second as per system.
Stop was placed at .786 retracement as stated in system rules.
Will be looking to hold until trail takes me out or i make many multiples.
Please see trade below which is opposite direction based on system and also acts as a nice hedge.
Kommentera:
Trade entry
Trade entry
Trade stängt: Stopp nått:
trailing stop reached 1.00760
Kommentera:
Sorry closed manually 1.00821 for 166.8 pips
We got stopped out on AUDUSD even with weaker AUD data.