AUDCAD 15 m Asian Session Channel Resistance Long Trade Strategy

14 Tem 2017

The Macd is over bought which should bring down price to the bottom of the channel. If price bounces back into the channel there is a descending blue trend line. Enter if price breaks through that trend line. There is a 2nd resistance level which has a 2nd entry buy limit order. If price breaks through that res line there is an upper resistance trend line used for the TP. If price breaks through the bottom channel trend line and begins a short reversal/pullback then this trade needs canceled.

14 Tem 2017

Not

Both entries hit and TP was reached. 1st entry 50 pips, 2nd entry 57 pips.