2018Apr12 AUDNZD H4 Bullish AB=CD
There is a bullish AB=CD which formed for AUDNZD. Price entry at 1.05382 is guided by a candle breaking and closing above the resistance of the diagonal downtrending channel. Stop loss is just below point D and profit taking targets are at the 38.2, 50.0, and 61.8 Fibonacci retracement of leg AD.
Trade Setup: Bullish AB=CD
Price Entry 1.05382
SL 1.04830 | SL pips 55.2
TP1 1.06079 | TP1 pips 69.7
TP2 1.06450 | TP2 pips 106.8
TP3 1.06821 | TP3 pips 143.9
RRR1 1.26 | RRR2 1.93 | RRR3 2.61
Status/Remarks: TP1, TP2, & TP3 hit! :)
Trade Setup: Bullish AB=CD
Price Entry 1.05382
SL 1.04830 | SL pips 55.2
TP1 1.06079 | TP1 pips 69.7
TP2 1.06450 | TP2 pips 106.8
TP3 1.06821 | TP3 pips 143.9
RRR1 1.26 | RRR2 1.93 | RRR3 2.61
Status/Remarks: TP1, TP2, & TP3 hit! :)
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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.