Last week we had a long signal in the AUDCAD (it hit TP order), you may ask, why would I go short when just last week I had a long trade open? Well, the market condition has changed, last week we had a bullish market condition, now it already reached the LT resistance level and its being rejected from that level… so we are now in a bearish market condition. That’s one of the things I like about this system: it adapts to the market conditions:

These are the details of my pending order:

Entry: 1.0019
SL: 1.0052
TP: 0.9775

If I see a close above the pattern that triggered my order I will cancel it…

Trade Safe!

Raul Lopez
Forex Training