AUDCAD 3rd Wave Sell

17 Mar 2016

Figure we are either in a3rd wave downward extension as marked or an inverse head and shoulders

With that in mind sell entries set at levels in the 0.9925 area.

TP1 - 0.9850 (2.3 Reward:Risk)
TP2 - 09815 (3.4 Reward:Risk)
TP3 - 0.9760 (4.3 Reward Risk)

Above 0.9960 looking to phase in 3x reversal for Break Even

17 Mar 2016

İşlem aktif

All 3 entries triggered

17 Mar 2016

Not

Stop loss moved to break even

18 Mar 2016

Not

Typo Above

TP1 - 0.9880 (2.3:1 Reward:Risk) has been hit

Trailing stops at 0.9920

21 Mar 2016

Not

Trailing stops hit

Trade re-entered at 0.9925

23 Mar 2016

Not

Stopped out at 0.9960

Re-entered at 0.9925
TP 0.9885

Failure to break below 0.9885 would imply pair is still in an uptrend and invalidates this scenario

24 Mar 2016

İşlem elle kapatılmış

Closed manually at break even

Failure to make a sustained break below 0.9890 invalidated scenario

+53pips +(2 * 5 pips) - 35 pips = +28 pips