Hi traders,
On the daily AUDCAD chart I projected the price action that I expect to happen. First a minor correction to the upside and then forming a potential AB=CD pattern formation. My entry will be at the 61.8% Fibonacci retracement of the June to August move, which lines up with previous structure.
Entry: 0.96318
Stop: 0.95524
Target: 0.98099 = R:RR 2.24
Good luck! Updates will follow.
On the daily AUDCAD chart I projected the price action that I expect to happen. First a minor correction to the upside and then forming a potential AB=CD pattern formation. My entry will be at the 61.8% Fibonacci retracement of the June to August move, which lines up with previous structure.
Entry: 0.96318
Stop: 0.95524
Target: 0.98099 = R:RR 2.24
Good luck! Updates will follow.
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Related publications
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.