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            

English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
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 My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out