AUDCAD 5 Wave inside Rissing Wedge, Reversal Trend Potential
Updated
AUD CAD has formed a rising wedge inside of which there are 5 waves, the daily candle must close below the line for confirmation
SL : 0.9712 (55 pips)
TP 1 : At Trendline
TP 2 : 0.9531
TP 3 : 0.9490
Risk Reward= look on the right (Lime Fibonacci)
SL : 0.9712 (55 pips)
TP 1 : At Trendline
TP 2 : 0.9531
TP 3 : 0.9490
Risk Reward= look on the right (Lime Fibonacci)
Note
be carefull stop hunting
Note
Half close at BEPNote
Because it has formed a new HL. then we can find where the line 1,618 is
Note
TP 1 RR+1.5 (85 pips)Note
Partial close at TP 2 {RR+2.2 (120 pips)} move sl to TP 1
Note
Profit Earned in the Fourth Week: (+1.1*+1.95)2 trading plan (1 Win, 1 Loss)
* = Floating to
Trade closed: target reached
Done
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.