AUDCAD pot. long idea Long

Australian Dollar/Canadian DollarFXCM

Description

⋅ Feb 24, 2017 10:20 AM

Hi Freedom Traders,

in the 60min chart of the audcad a completion of a bullish bat pattern would give us a high probability trading chance.

A completion of a gartley pattern would also give us a trading edge.

Decision time - which trading setup would you prefer trading? And why?

You find possible entry and exit levels for minimizing risk and maximazing profits in the chart.

Happy Trading!

Trade active

⋅ Feb 24, 2017 4:59 PM

Comment

⋅ Feb 27, 2017 9:18 AM

profit target1 reached: +45pips

Trade closed: target reached

⋅ Feb 28, 2017 7:12 AM

profit target2 reached: +73pips :-)

Comments

ernstschwarz

⋅ Feb 24, 2017 9:17 PM

trading4freedom

⋅ Feb 27, 2017 9:24 AM

@ernstschwarz, thank you for your analysis. Some time ago, I published a bigger picture analysis of the AUDCAD. In the chart you find a Fib confluence zone at the completion of a cypher pattern. Have a look...

andrecomputero

⋅ Feb 24, 2017 3:48 PM

with you ;)

trading4freedom

⋅ Feb 24, 2017 5:03 PM

@andrecomputero, looking good so far ...