AUDCAD - Bullish Trend - 1H Time Frame
Based on the chart, we can observe that it is showing higher highs (HHs) and higher lows (HLs), indicating a bullish trend. The Relative Strength Index (RSI) does not indicate any divergence currently.
We will enter a long trade with a risk-to-reward ratio of 1:1. Our trade plan is as follows:
Trade Long
Buy Stop = 0.90807
Stop Loss = 0.90367
Lot Size = 0.25
Take Profit 1 = 0.91232
Take Profit 2 = 0.91676
Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
We will enter a long trade with a risk-to-reward ratio of 1:1. Our trade plan is as follows:
Trade Long
Buy Stop = 0.90807
Stop Loss = 0.90367
Lot Size = 0.25
Take Profit 1 = 0.91232
Take Profit 2 = 0.91676
Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.