Bullish Outlook for AUD/CAD - Entry Opportunity Identified

Overview:
AUD/CAD completed XABCD harmonic pattern, finding strong rejection at point D (0.87200). Price now re-testing key support, suggesting bullish potential.

Entry:
Consider entry at current price 0.88160 to align with anticipated bullish sentiment.

Risk Management:
Place stop-loss at 0.87200 to mitigate downside risk.

Profit Targets:
TP-1: 0.89140, TP-2: 0.90100 for optimal trade management.

Rationale:
Recent rejection at point D and price action support bullish bias. Prudent risk management is advised.

Conclusion:
Favoring bullish stance on AUD/CAD. Entry at 0.88160 with defined risk and reward. Monitor closely for optimal outcomes.

Disclaimer:
Forex trading carries risks. This analysis is for guidance only, not financial advice. Consult a qualified advisor before trading.

Kommentera:

We are 2% in profit. You can breakeven this trade now.

Trade stängt: målet nått:

TP-1 reached,
Hold your trade for TP-2.
Use Trailing Stop Loss.

Trade stängt: målet nått:

TP-2 reached