AUDCAD bullish entry at the 61.8% Fibonacci retracement
Hi traders,
On the daily AUDCAD chart I projected the price action that I expect to happen. First a minor correction to the upside and then forming a potential AB=CD pattern formation. My entry will be at the 61.8% Fibonacci retracement of the June to August move, which lines up with previous structure.
Entry: 0.96318
Stop: 0.95524
Target: 0.98099 = R:RR 2.24
Good luck! Updates will follow.
On the daily AUDCAD chart I projected the price action that I expect to happen. First a minor correction to the upside and then forming a potential AB=CD pattern formation. My entry will be at the 61.8% Fibonacci retracement of the June to August move, which lines up with previous structure.
Entry: 0.96318
Stop: 0.95524
Target: 0.98099 = R:RR 2.24
Good luck! Updates will follow.
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