AUDCAD Bearish Leonardo Pattern And Short Opportunity
Description: Chartraderpro finds a forming Bearish Leonardo Pattern on H1 Chart Timeframe. The patten is a bearish reversal / correction pattern. Structural Stop Loss of the pattern is above X – 0.92640 –
68% of the patterns reversed at Fibonacci 1.13% – 0.92900 – in case of break above X. If the trade stop out, 0.92900 – 0.93000 region can be used as a second short entry opportunity.
Pair / Instrument: AUDCAD
Time Frame: H1
The trend in the Timeframe: Bullish
The trend in the Daily Chart: Bulllish
Trade Based On: Bearish Leonardo Harmonic PAttern
Recommended Lot Size: 0.03 @ 10 K Account with 1:100 Leverage
The Area Of The Entry: 0.92400 – 0.92500
Stop Loss: Above X 0.92640 – Read the description –
Target 1: 0.92140
Target 2: 0.92000
What to Pay Attention:
Update: Targets Reached 40 Pips
You can follow the trade: AUDCAD Bearish Leonardo Pattern
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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money
AUDCAD Beairsh Leonardo Pattern: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.