mickstill

Retracement to 38% and target 161%

Long
OANDA:AUDCAD   Australian Dollar/Canadian Dollar
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2
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.
Comment: 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

Comments

3.5 RR target hit and trade closed.
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Trade entry triggered after retracement and trade now in profit and heading towards 3.5:1 RR profit target.
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