AUDCAD: Good Profit from Long Trade
Australian Dollar/Canadian Dollar FX:AUDCAD
Do you remember this post? I wrote about a buying opportunity based on the price reversal from the support zone .
If you could follow that post and apply the information from it with your own trading approach, you would have a profitable trade!
For example, you could buy following the breakout above SMA20 in the 4H timeframe.
Here is an example of such trade:
Buy above 0.94500
Stop below 0.93950
Profit Target at 0.95400
But it is only one profitable trade from the list. We could get better trading signals in the 1H, 5-30m timeframes as well. When you have the right knowledge and experience, you have a lot of options how to gain benefits from any trade opportunity. Think about it!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Source: TW DLavrov