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AUD/CAD

by Robert S, July 5, 2022

AUD/CAD D1 Candle Sticks

by Robert Shear July 5, 2022

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AUD/CAD

|

Long

|

D1

Timeframe:

D1

Analysis Method:

Candle Sticks

Analysis:

AUD/CAD has a bullish engulfing candle on the daily and appears poised to move higher.

Trade Plan:

It should move higher at the open of the Asian session. If it doesn’t I will reduce my position. If it moves higher, I will keep a tight stop.

Risk Management:

0.5%

Things To Watch For:

If it looks like it is going to reverse, get out.

LEAVE YOUR COMMENT HERE:

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  1. I’ve made some money buying pullbacks and selling some on surges. For my core position my stop is at 0.8933 and take profit at 0.8932 with about a 2 to 1 risk to reward.

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