AUDCAD pair in the daily timeframe. Both the 50 MA and 6 MA is directing upwards.
MACD histogram is also upward direction. It was a buy on the day before yesterday. Even then I've entered the trade with an expectation of 1:1 risk to reward ratio.
Let's see where it takes me...
I've entered the trade with the price being above the two MAs mentioned above. Let's see the price action with another setup.
Here price just crossed above the 200 MA and at the same time price is above the monthly pivot point. One point of this set up is still invalid. And that is, 20 MA is still below the 200 MA.
I've entered the trade with the first setup being fulfilled with a delay in entry. Entry level was 0.99023 with a stop loss at 0.9818.
I've entered the trade with the price being above the two MAs mentioned above. Let's see the price action with another setup.
I've entered the trade with the first setup being fulfilled with a delay in entry. Entry level was 0.99023 with a stop loss at 0.9818.
