As I follow this trade from the past week. This it's the quickly update that I knew very well one thing. As before I said that AUD/CAD will climb, thing that happen when I told you in the past week, what as result, climb but I don't cached the opportunity. But analyzing from the H1 and H2 timeframe, we're in the correction that the market structure speak us that a bearish movement it's developing now!!!
So, as I put a sell order place in the $0.9142 CAD. I'm bearish from this point and then, I hope that AUD/CAD continue down to $0.90 CAD. What for now I change and fix my target from this point. What this mean if AUD/CAD reach my target, I will get 137 pips in this trade.
So, the entry doesn't like bad and definitely, that was a pretty good entry price. So, the only that I can to watching it's one thing that when analyzing the timeframe, it's very necessary to draw the order block in the smart zone to sell, that will help us to find up a perfect entry. This trade it's appear that was almost perfect.
Also guys, what I draw in purple big circle, it's to recall in your trading style that this it's the starting of the bear market trap, as during my trading time, I see this pattern in a lot case of study that this it's the beginning of the bear market. And I hope that this case of study help you in your career.
So, as I put a sell order place in the $0.9142 CAD. I'm bearish from this point and then, I hope that AUD/CAD continue down to $0.90 CAD. What for now I change and fix my target from this point. What this mean if AUD/CAD reach my target, I will get 137 pips in this trade.
So, the entry doesn't like bad and definitely, that was a pretty good entry price. So, the only that I can to watching it's one thing that when analyzing the timeframe, it's very necessary to draw the order block in the smart zone to sell, that will help us to find up a perfect entry. This trade it's appear that was almost perfect.
Also guys, what I draw in purple big circle, it's to recall in your trading style that this it's the starting of the bear market trap, as during my trading time, I see this pattern in a lot case of study that this it's the beginning of the bear market. And I hope that this case of study help you in your career.
