Short opportunity on AUDCAD!
Direction: Level to look at for going short---> 0.8606 +/-20 pips
Reason for trade: Head and shoulder pattern, Fib levels, Price action
Entry: I l post the reversal entry strategy on the 4HR chart once the level is reached.
Risk/Reward: ~2.5 with trailing stop
Money management: S/L is a little higher@ 225 pips so will take 0.8% risk on this trade. Will buy 0.025 lots for my 5000$ account.
Follow me for more updates to my strategy.
Reason for trade: Head and shoulder pattern, Fib levels, Price action
Entry: I l post the reversal entry strategy on the 4HR chart once the level is reached.
Risk/Reward: ~2.5 with trailing stop
Money management: S/L is a little higher@ 225 pips so will take 0.8% risk on this trade. Will buy 0.025 lots for my 5000$ account.
Follow me for more updates to my strategy.
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