AUDCAD – Short signal

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

AUDCAD analysis

Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .