Smart_Money_Trader

what's going to happen at the key area of support

شراء
Smart_Money_Trader تم تحديثه   
FX:AUDCAD   دولار أسترالي/ دولار كندي
4
My bias is to the long side simply because there has been some aggressive price action at this level in the past and there's been a couple of price flips (support turns into resistance)when looking at the horizontal line. going forward i will monitor this level on lower time frames for more confirmations but from the outset, a head and shoulders pattern is just about complete on the 62% fib retracement zone. Regarding risk/reward factors, my SL and TP will remain as is for now but will be updated once a harmonic pattern is found on the lower time frames
تم فتح الصفقة:
i would suggest taking some profits at this area or to move your stop loss to break even.
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