Possible AUDCAD Long idea.
I would set TP at the 0.618 FIB level or the 0.5 Fib retracement with SL set at a channel breakout.
- Confirmation on the 4hr of general bullish trend
- Ascending channel
- Confirmation of channel by an engulfing candle
I would set TP at the 0.618 FIB level or the 0.5 Fib retracement with SL set at a channel breakout.
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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.