alphatrader
Long

follow the trend - time to resume trend - time will tell

FX:AUDCAD   Australian Dollar/Canadian Dollar
105 0 2
Good day Traders,

1. trend overall is up

2. yes we have been in pullback - retracement to the 61.8 fib level

3. outside of channel

4. waiting for price at this level to provide a bullish signal, if you use a broker that has the candles close at new york close then it did print a reversal pin bar from fridays close.

5. as always - wait for a signal don't just jump in - I have pending order long at the 1.01443 area which is 50% of fridays pin bar - risk would be about 35 pips reward potential could be 3 or 4 times the risk

these are the trades that make trading work proper risk reward even if I only win 50% of the time the pips still roll in.

all the best

Ct            

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