Retracement to 38% and target 161%

OANDA:AUDCAD   Australian Dollar/Canadian Dollar
39 2
Retracement back to 38% after bounce of trendline on daily trend and target 161% fib extension - King's Crown setup.
Feb 17
Trade active: Long
Feb 26
Trade closed manually: Both targets now hit. First at 3.5RR and second at 10RR.
Feb 26
Comment: Woods fooled by overlap on graph. Actually just one target on this trade and at 3.5RR which has been hit.
Mar 06
Trade closed: target reached: Trade has now reached its target at 3.5 RR
3.5 RR target hit and trade closed.
Trade entry triggered after retracement and trade now in profit and heading towards 3.5:1 RR profit target.
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