I bought AUD/CAD at 0.8790
I have been monitoring the 0.8769-60 support level for bullish reversal signs. The four-hour chart posted a bullish outside candle from the Sunday open.
The daily chart highlights the index building a Gartley formation. We are currently trading within the CD leg. It is common for buyers to return close to the 38.2% pullback level of the last rally. This is located at 0.8775.
This trade offers a risk-reward factor of 5.2R
I bought AUD/CAD at 0.8790
SL: 0.8750
TP1: 0.8998
Risk/Reward Ratio of 5.2R
#tradeplan #AUDCAD
The daily chart highlights the index building a Gartley formation. We are currently trading within the CD leg. It is common for buyers to return close to the 38.2% pullback level of the last rally. This is located at 0.8775.
This trade offers a risk-reward factor of 5.2R
I bought AUD/CAD at 0.8790
SL: 0.8750
TP1: 0.8998
Risk/Reward Ratio of 5.2R
#tradeplan #AUDCAD
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.