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!
Operación activa:
Trade opened on Market open this morning.
Stops below bearish low test candle low.
Target has been left open.
Stops below bearish low test candle low.
Target has been left open.
Operación cerrada manualmente:
Price is ranging - bad for my strategy.
Closed position pending market direction + candlestick patterns.
Closed position pending market direction + candlestick patterns.