AUD/CAD breakout trading setup to ride the uptrend

AUD /CAD started a sign of strength rally since 3 Nov 2020 and hit the resistance at 0.9510 subsequently consolidated in a trading range. It broke above the resistance this morning and present a breakout trading opportunity out from the backup action upon confirmation. Watch the video below (timestamp starts 3:48) and pay attention to the detail on how to filter out the early entry and seek for confirmation to increase your winning rate.

Below are the key parameters for AUD/CAD potential long setup for trading session on 11 Nov 2020. Pay attention to the confirmation signal and context in the video to make sure the setup is valid.

Entry: long stop order at 0.9533

Stop loss: 0.9476

Take profit: 0.9603

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