AUDCAD - A VERY COMPLEX STRUCTURE, BUT FOR NOW SOME UPSIDE
As we can see the pair is found in a very complex structure which makes it too difficult to analyse and fit into one pattern and that could potentially be dangerous, but for the moment as it stands it's safe to say we can expect some upside for the following reasons: a) Flat correction of previous impulse is complete, b) Bullish Divergence, c) Hammer on the Daily at a key structure
My personal details:
Long @ Entry: 0.9650, SL: 0.9570, TP1: 0.9920, TP2: 1.0070, RR: 5.25
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
My personal details:
Long @ Entry: 0.9650, SL: 0.9570, TP1: 0.9920, TP2: 1.0070, RR: 5.25
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Order cancelled