I bought AUD/CAD at 0.8790
I have been monitoring the 0.8769-60 support level for bullish reversal signs. The four-hour chart posted a bullish outside candle from the Sunday open.
The daily chart highlights the index building a Gartley formation. We are currently trading within the CD leg. It is common for buyers to return close to the 38.2% pullback level of the last rally. This is located at 0.8775.
This trade offers a risk-reward factor of 5.2R
I bought AUD/CAD at 0.8790
SL: 0.8750
TP1: 0.8998
Risk/Reward Ratio of 5.2R
#tradeplan #AUDCAD
The daily chart highlights the index building a Gartley formation. We are currently trading within the CD leg. It is common for buyers to return close to the 38.2% pullback level of the last rally. This is located at 0.8775.
This trade offers a risk-reward factor of 5.2R
I bought AUD/CAD at 0.8790
SL: 0.8750
TP1: 0.8998
Risk/Reward Ratio of 5.2R
#tradeplan #AUDCAD
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.