AUDCAD 15min LONG
Updated
Famous S&R pivot no. 2
Statistically you can blindly trade reversals of classical S&R pivot no. 2 and will come out positive in many aspects Risk reward is always from 1:1 to 2:1 (and more)
Win & loss ratio is also positive
Combined with some extra price action understanding and you have very solid trading strategy
But this particular trades goes agains all sense, I relay only on Oil fall for next 2 days and CAD will also fall with it it
But I really lack of fundamentals which (but am getting there)
Statistically you can blindly trade reversals of classical S&R pivot no. 2 and will come out positive in many aspects Risk reward is always from 1:1 to 2:1 (and more)
Win & loss ratio is also positive
Combined with some extra price action understanding and you have very solid trading strategy
But this particular trades goes agains all sense, I relay only on Oil fall for next 2 days and CAD will also fall with it it
But I really lack of fundamentals which (but am getting there)
Trade active
Trade closed: stop reached
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