AUDCAD W Bullish BAT PATTERN @ 0.9270
Hi guys,
Here we have a bullish BAT PATTERN on the Aussie-Canadian Dollar coming in at around 0.9270. This is a long-term trade so I'll be making sure I take into account my position size in order to manage my risk effectively. The reason why I love BAT patterns is that they give such good risk-reward which is obviously key to trading successfully.
Stops will as per usual go below the X leg and targets will be at the 31.8% and 61.8% retracements.
THANK YOU FOR YOUR SUPPORT!
Trade Numbers:
Risk: 270 pips x 2 = 540 pips
Reward #1: 350 pips. R:R = 1:1.3
Reward #2: 550 pips. R:R = 1:2.1
Plan your trade... Trade your plan.
Here we have a bullish BAT PATTERN on the Aussie-Canadian Dollar coming in at around 0.9270. This is a long-term trade so I'll be making sure I take into account my position size in order to manage my risk effectively. The reason why I love BAT patterns is that they give such good risk-reward which is obviously key to trading successfully.
Stops will as per usual go below the X leg and targets will be at the 31.8% and 61.8% retracements.
THANK YOU FOR YOUR SUPPORT!
Trade Numbers:
Risk: 270 pips x 2 = 540 pips
Reward #1: 350 pips. R:R = 1:1.3
Reward #2: 550 pips. R:R = 1:2.1
Plan your trade... Trade your plan.
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.