A Classic Support & Resistance Trade

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Dólar Australiano/Dólar Canadense (FX:AUDCAD)

FX:AUDCAD Dólar Australiano/Dólar Canadense

supportandresistance candlestick chartpattern askforex100 audcad candlestickpattern countertrend sidewaysmovement sidewaybounce containsioscript

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!

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