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AUD/CAD - BUY ORDER
Old Buy Limit : 0.90062
New Entry : Market Order
Stop Loss : 0.9040
Take Profit 1 : 0.9076
Take Profit 2 : 0.9092
Take Profit 3 : 0.9110
Target In Pips : 104 pips
Market Analysis :
A Triangle pattern on the 4H chart breakout towards 0.9076 up to 0.9110.
The resistance at 0.9076 is a major level of structure that makes for a great chance to move stop loss to breakeven & even scale out profits. Make sure you keep the trades open up to a Take Profit level of 0.9110
This Triangle pattern breakout is also part of the bull market that started after a Harmonic butterfly pattern was formed on the Weekly Chart with a 0.8842 low as D leg on 09/29/2019.
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