03.freeman
Short

AUDCAD inside perfect fibo levels

FX:AUDCAD   Australian Dollar/Canadian Dollar
AUDCAD is bouncing perfectly inside fibo levels.
Fibo 61 resisted very well two weeks ago and last week fibo 50 was strong.
My trading plan for this week is:
- Sell stop few pips below fibo 38
- Stop loss at fibo 50
- Take profit at fibo 0
- Risk/reward is 2.86, not bad!

IMPORTANT NOTE: I'm not writing price values (and rarely I do) because I suggest you to check the correct fibonacci retracement levels with your broker.

ADVICE:
This idea is based on my researches, do your own study and don't invest based on this idea only.

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