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RaynLim
Aug 22, 2019 11:56 AM

Trade Ideas Position: AUDCAD Bat Long

Australian Dollar/Canadian DollarFXCM

Description

A bullish bat forms up at the buy zone as a countertrend trading opportunity.

With RSI Divergence it had just made it a great setup for the trade, however, after my buffer is added in, the Reward:Risk didn't achieve a 2:1 trade and is all due to the drop in market volatility.

Hence, another myth breaker that high volatility is bad for trading.
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