Here we have a PATTERN on the Aussie-Canadian Dollar coming in at around 0.9270. This is a long-term trade so I'll be making sure I take into account my position size in order to manage my risk effectively. The reason why I love BAT patterns is that they give such good risk-reward which is obviously key to trading successfully.
Stops will as per usual go below the X leg and targets will be at the 31.8% and 61.8% retracements.
THANK YOU FOR YOUR SUPPORT!
Risk: 270 pips x 2 = 540 pips
Reward #1: 350 pips. R:R = 1:1.3
Reward #2: 550 pips. R:R = 1:2.1
Plan your trade... Trade your plan.