lukeboland
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AUDCAD: BEARISH 2618

FX:AUDCAD   澳元/加元
Very clear and simple 2618 setup here on AUDCAD             .

Nice second target confluence just above the 0.97 psychological resistance.

Entry: 0.97770
Stop: 0.98230
Target 1: 0.97230
Target 2: 0.97020

Keep in mind that the 2618 strategy has a win rate of 55-65%, and a R:R > 1:1. Trade it if it is in your plan and you have done the backtesting on this strategy. Remember: Very few people enjoy the grind of going through historical candles individually, however it is a necessary commitment to make. The level of confidence it brings you in faithfully executing the trading plan is considerable.

Good trading,

Luke
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