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!
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!
交易進行
Trade opened on Market open this morning. Stops below bearish low test candle low.
Target has been left open.
手動結束交易
Price is ranging - bad for my strategy.Closed position pending market direction + candlestick patterns.
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