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AUDCAD Shortterm Recovery and Long Opportunity TP3 Reached 47 pips

AUDCAD Shortterm Recovery and Long Opportunity

Published: 08-07-2018

Pair / Instrument: AUDCAD

Time Frame: H1

The trend in the Timeframe: BEARISH

The trend in the Daily Chart: BEARISH

Description:  AUDAD broke the trendline. It is likely to test 096290 resistance.

Trade Based On: Trend Line Breakout

Accuracy: %96

Trade: LONG

Entry: 0.96130

Stop Loss: 0.95900

Take Profit 1: 0.96290

Take Profit 2: 0.96360

Ultimate Target: 0.96600

Update: TP1 Reached 16 pips. We close 40%of the positions and move SL to entry.

Update: 0.96600 has been reached. 47 pips.

You can follow the idea: AUDCAD Trade Idea

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.

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



AUDCAD: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

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