by Robert S, July 5, 2022
by Robert Shear July 5, 2022
AUD/CAD
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Long
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D1
Table of Contents
D1
Candle Sticks
AUD/CAD has a bullish engulfing candle on the daily and appears poised to move higher.
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.
0.5%
If it looks like it is going to reverse, get out.
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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.
I meant my stop is at 0.8833 and take profit 0.8932.
Well done!