Keeping a close eye on AUDUSD & USDCAD this week, but price is not in the area where I'm looking to get involved so will have to be patient and looks like I'm not gonna get anything interesting according to my plan this week.
So wanted to share this trade I've been in for a couple weeks now : took a nice double top at a daily level of resistance and banked 2 nice targets on the way down (+40 & +140 pips) and have a small portion of the trade still open with stops above the consolidation area where price is at now on the H4. Waiting for the breakout, and the question is which way is it going to break out : if on the way down I'll be able to take a new trade and add to my position; if to the upside I'd more than probably be stopped out at my trailed stop for +130 pips making it a very nice profitable trade overall.
Now let's wait and see!
Plan YOUR trades and trade YOUR plan!
So wanted to share this trade I've been in for a couple weeks now : took a nice double top at a daily level of resistance and banked 2 nice targets on the way down (+40 & +140 pips) and have a small portion of the trade still open with stops above the consolidation area where price is at now on the H4. Waiting for the breakout, and the question is which way is it going to break out : if on the way down I'll be able to take a new trade and add to my position; if to the upside I'd more than probably be stopped out at my trailed stop for +130 pips making it a very nice profitable trade overall.
Now let's wait and see!
Plan YOUR trades and trade YOUR plan!
