2018May24 AUDCAD H1 Trend Continuation
AUDCAD is currently on an uptrend both on the smaller and bigger channels. As I expect to move higher, I am placing an aggressive buy limit at 0.97043 which is the 78.6 Fibonacci retracement of the swing low to swing high. This level coincides with the support of the smaller uptrending diagonal channel. Stop loss is placed just below the swing low while the take profit target is at the swing high. I will manually cancel this pending order if price goes to TP1 before getting triggered.
Trade Setup: Trend Continuation
Price Entry 0.97043
SL 0.96910 | SL pips 13.3
TP1 0.97348 | TP1 pips
RRR1 2.29
Trade Setup: Trend Continuation
Price Entry 0.97043
SL 0.96910 | SL pips 13.3
TP1 0.97348 | TP1 pips
RRR1 2.29
Note
This setup is canceled as price did not go to 0.97043 before going to TP1. (May 24)
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.
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.