RaynLim

A Classic Support & Resistance Trade

Corto
FX:AUDCAD   Dólar australiano/Dólar canadiense
I'd engaged in a classic Support and resistance trade with 1 single target and observed candlestick movement on a key turning point.

Shorted AUDCAD at 0.8845 and my Initial Stop-Loss is at 0.8864(-19pips)(~190usd/lot).

Once the market hit 0.8829, I would shift stop to entry(SLE), attaining a risk-free trade.

In between I do nothing!

We believe that we should not slog our life away. Keep working to the minimum. How about 15mins a day?

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