THIS AUD/CAD TREND STILL HAS ROOM TO GO...

By RT618 | Probabilities Technician | 10 Sep 2020

Following plan of the last 2 blog entries were great success closing at +51 pips.

A retrace post CAD news event has us back near channel bottom.

Now a look at MACD and RSI tell me another pop to channel top is a decent possibility....

Lets take a look...

Notice the channel after several touches is still in good standing.

I've placed a buy limit at channel bottom edge.

My limit and stop are placed way out at 50 pips but only temporarily.

I do expect a channel test soon and have an ALERT set on that. At that point I'll re-evaluate the trade idea target and stops.

Soon I get into why I love Forex even though Crypto is my real passion.

Technical Analysis Forex

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RT618

Trader using simplified easy to view trading strategies to find actionable trades.

Probabilities Technician

Using simplified easy to view trading strategies to find actionable trades. Trading is very risky, use your own judgment and have a great day friends...

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