AUDCAD: Back -to-Back-to-Back? Here's What's Next

FX:AUDCAD   Australian Dollar/Canadian Dollar
After being one of my top performing pairs a year ago AUDCAD             has been someone disappointing in 2016 when it comes to providing opportunities. But finally it looks as if it's getting back to form giving us a 3rd potential trading opportunity in a row. This time in the form on a potential Bearish Advanced             Cypher Formation.

Trade active: Filled short at 1.0125
Trade closed: target reached: First targets Hit +44
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Well done!
+1 Reply
Dude, great idea! How did you set your target? Still learning. ..

+1 Reply
Akil_Stokes PRO chartmaster
Thank you, i use fibonacci ratios for my target taking on advanced pattern formations
chartmaster Akil_Stokes
Which leg do you refer to for your fib? XA or CD?
+1 Reply
Akil_Stokes PRO chartmaster
chartmaster Akil_Stokes
Thanks very much appreciated. I would have expected a lower target, sth btw 0.5-0.8. Any technical reason for +44 "only"?
+1 Reply
Akil_Stokes PRO chartmaster
No technical reason, that's just the amount of pips that were offered at that target level for this particular trade.
This is are 2 great trades
+1 Reply
Akil_Stokes PRO NunoNascimento
Thank you
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