AUD/CAD Power Trend Strategy - LONG

Chart: Daily
Trend (D): Bullish
Strategy: Power Trend (Swing Trade)

Bullish Evidence:

1. Price has formed higher lows (red circles)
2. Price rejects weekly trendline support
3. Price rejects daily support level @ 0.99680
4. Price broke above daily trendline resistance now turned support
5. Two Low test candlestick patterns rejecting 50 EMA (Green circle)

Note: The strategy produced a buy signal on Thursday 3rd of Aug 2017, however a LONG entry can still be made should price retrace
back to the previous bear candles high or open price.

Agree / Disagree?

Comment below!

İşlem aktif:

Trade opened on Market open this morning.
Stops below bearish low test candle low.
Target has been left open.

İşlem elle kapatılmış:

Price is ranging - bad for my strategy.
Closed position pending market direction + candlestick patterns.