informedtrades
Long

6.5 Reward/Risk on AUDCAD Setup

FX:AUDCAD   Australian Dollar/Canadian Dollar
117 0 2
AUD is showing some signs of strength on other pairs -- I just entered a long AUDUSD             order -- and so I was especially encouraged to see price retrace to support in an uptrend on AUDCAD             , and then to see bulls step into defend that level a bit more. We are also at the 50% Fibonacci retracement from the recent swing low to swing high.

This setup involves entering at 1.0140 with a stop loss at 1.0110 and a target profit of 1.0335. This gives a very nice reward/risk of 6.5:1.

http://www.informedtrades.com
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out