AUDCAD - LONG SETUP on H4 - TTS-I
FX Pair: #AUDCAD
Using TTS Phase I Rules, will enter LONG on this trade due to individual strength of AUD against the CAD on H4.
Placed BUY LIMIT at 0.96500 which is the proper H4 DZ and coincides with the 38.2 Fibonacci Level as well as a major level of structure.
TP at 0.97300 (80 pips) and SL at 0.96100 (40 pips), giving a potential reward of 2R.
Since this trade is supported with individual score, will risk 2% for this trade.
Using TTS Phase I Rules, will enter LONG on this trade due to individual strength of AUD against the CAD on H4.
Placed BUY LIMIT at 0.96500 which is the proper H4 DZ and coincides with the 38.2 Fibonacci Level as well as a major level of structure.
TP at 0.97300 (80 pips) and SL at 0.96100 (40 pips), giving a potential reward of 2R.
Since this trade is supported with individual score, will risk 2% for this trade.
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