Hi traders,
On the AUDCAD I am looking to enter long around 0.977 area.
My reasons for this long:
Entry, stop and targets are based on structure. Target 2 is just below the 1.00 mark. This is a huge psychological point and very hard to break.
Entry: 0.977
Stop: 0.9688
Target 1: 0.9875
Target 2: 0.9980
Will keep this chart updated as time progresses.
Best of luck!
On the AUDCAD I am looking to enter long around 0.977 area.
My reasons for this long:
- Retest of the trendline breakout
- 0.618 fib retracement of the daily move
- 0.382 fib retracement of the weekly move
- 0.618 fib retracement of the monthly move
- Previous structure
Entry, stop and targets are based on structure. Target 2 is just below the 1.00 mark. This is a huge psychological point and very hard to break.
Entry: 0.977
Stop: 0.9688
Target 1: 0.9875
Target 2: 0.9980
Will keep this chart updated as time progresses.
Best of luck!
Trade active
Note
Target 1 hit.Stop moved to entry.
Note
And took half my position off.
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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.
Related publications
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.