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AUDCAD Potential Bullish Shark Formation and Long Opportunity for Scalping TP1 Reached

AUDCAD Potential Bullish Shark Formation and Long Opportunity for Scalping

Published:09-09-2018

Pair / Instrument: AUDCAD

Time Frame: H1

The trend in the Timeframe: BEARISH

The trend in the Daily Chart:  STRONGLY BEARISH

Description: 

Trade Based On: Bullish Shark Harmonic Pattern

Accuracy: %80

Trade:LONG

AREA OF THE ENTRY: 0.93400 – 0.93300

STOP LOSS : BELOW 0.93100

TARGET 1: 0.93650

TARGET 2: 0.93900

Note: AUD is the weakest currency. Markets may open with Gap. We recommend using smaller lot size in this trade

Update: TP1 Reached 25 Pips. You can close 50% of the positions and move Sl to entry.

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Rules To Keep In Your Mind:  Trade Safe. Money  Management is the key to success in forex trading. Do not risk more than 1% of your account in each trade.

You can contact us via Skype User Name: Chartreaderpro

DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

 

 

AUDCAD Bullish Shark 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 responsibilit

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