(Video) Live Trade Setup Breakout Trading 125 Pips on AUDCAD

Verified Profitable Trader

Here is a live trade setup using my price action strategies doing breakout trading on the AUDCAD which is up +125 pips of profit and +2R. In this video, I’ll explain the price action context behind the trade, trade location, why I chose my stop loss and particular take profit, along with trade management and risk to reward. [more info below]

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0:42 – Taking a step back to look at the higher time frame context on the weekly chart

1:02 – Breaking a major support zone

1:45 – AUDCAD hasn’t been this low since…

2:45 – Impulsive and corrective with trend price action

3:33 – My exact trade location

4:42 – My exact stop loss placement

6:33 – Why I think the market will target this major price level

7:18 – Update on the live trade setup which is now in major profit

8:39 – Am I going to be adjusting my stop loss to take partial profits?

8:47 – Analyzing the current price action and potential breakdown

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