Australian Dollar/Canadian Dollar

Long

Retracement to 38% and target 161%

Updated

Retracement back to 38% after bounce of trendline on daily trend and target 161% fib extension - King's Crown setup.

Trade active

Long

Trade closed manually

Both targets now hit. First at 3.5RR and second at 10RR.

Note

Woods fooled by overlap on graph. Actually just one target on this trade and at 3.5RR which has been hit.

Trade closed: target reached

Trade has now reached its target at 3.5 RR

Related publications

Retracement back to 38% for short down to 161%

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.