AUDCAD Analysis
It seems that a wave Y is nearing completion?
I have set up one Position to be active on Market Open to trade LONG until the end of wave Y.
My SL is slightly larger than usual due to the fact I have missed out on the breakout, however I'm expecting another fibonacci to appear before the push upwards to TP#1.
This is a high risk trade so Money Management is ALWAYS essential.
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NB: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
Please do not trade this chart if you do not have your own strategy. Trade only with your own strategy.
Some very wise words: Plan your trade and trade your plan... and IF in doubt, stay out.
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I have set up one Position to be active on Market Open to trade LONG until the end of wave Y.
My SL is slightly larger than usual due to the fact I have missed out on the breakout, however I'm expecting another fibonacci to appear before the push upwards to TP#1.
This is a high risk trade so Money Management is ALWAYS essential.
------------------------------------------------------------------------------------------------------------------------
NB: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
Please do not trade this chart if you do not have your own strategy. Trade only with your own strategy.
Some very wise words: Plan your trade and trade your plan... and IF in doubt, stay out.
------------------------------------------------------------------------------------------------------------------------
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