AUDCAD, 8hr tf, buy on trendline retest Long

Australian Dollar/Canadian DollarFXCM

Description

⋅ Apr 28, 2021 1:23 PM

Price might bounce from this trendline for further upside in this pair.
We are about to start the wave-(iii) which might target 0.9950-60 area if price stopped at 1.618 fibonacci extension.

Buy AUDCAD 0.9600
Stop loss 0.9530
Take profit 0.9950 (5R)

Use only 1-2% risk
Good luck