OANDA:AUDCAD   Australian Dollar/Canadian Dollar
Setup Timeframe: 4H
Execution Timeframe: 1H
Risk: 3.1%
Reward: 7.72%

Reason for Entry: ABCD Pattern , at the end of C leg. Bouncing off near 61.8% fib level, and R1 level from above. And bouncing off 50 EMA 4H.

Reason for SL Placement: Below 61.8% level, and below 1.01, which is a strong resistance turned support, also bank level.

Reason for TP Placement: Near the -0.27 fib level, should see the D leg reach this.
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