I bought AUD/CAD at 0.8790

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I have been monitoring the 0.8769-60 support level for bullish reversal signs. The four-hour chart posted a bullish outside candle from the Sunday open.
The daily chart highlights the index building a Gartley formation. We are currently trading within the CD leg. It is common for buyers to return close to the 38.2% pullback level of the last rally. This is located at 0.8775.
This trade offers a risk-reward factor of 5.2R
I bought AUD/CAD at 0.8790
SL: 0.8750
TP1: 0.8998
Risk/Reward Ratio of 5.2R
#tradeplan #AUDCAD

Penafian

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