CarlosPM
Short

AUDCAD POTENTIAL CYPHER

FX:AUDCAD   Australian Dollar/Canadian Dollar
The B point has retraced back to the 0.382 retracement of the X-A leg.
C has reached below B and we are now waiting on a completion at the 0.786 of the X-C move.
There is also a 1.618 level extension of the A-B leg at exactly the same area.

Stops are placed above X. Target 1 is placed at the 0.382 retracement of the hypothetical C-D move and Target 2 is palced at the 0.618.
Comment: Target 1 has been hit, now waiting for Target 2 to be hit with half of the previous position size
Trade closed: target reached: Target 2 has been hit and the trade is now closed
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