Based on price action analysis on the daily AUD/CAD chart. An almost perfect ABCD move as the AB line is almost equal to the CD line. The risk seems to be a wee bit too large though due to the nature of the X point but still, pretty tradeable with a ratio of 1:2.3. Feel free to comment or give me any advice whatsoever!
Based on price action analysis on the daily EUR/USD chart. Planning on taking half of my position on the 0.382 Fibonacci level and shifting my stop loss to breakeven before securing the rest of my position at the 0.618 level. Any thoughts or advice, please share them with me so I can improve my analysis. Your help is greatly appreciated!