Been waiting for the entry trigger for AUDCHF after CADCHF has been triggered where it is positively correlated and shows almost the same trade setup.
For this trade I'm also using my own version of U-Rider Trading System. Waited for price to retrace, this case at 38.2 Fibonacci level, then LONG trade will be triggered when a green candle closes above the 10 SMA from the retracement.
Will enter this trade at 0.73650 with initial TP of 0.74650 risking 50 pips to achieve a 1:2 RRR.
For this trade I'm also using my own version of U-Rider Trading System. Waited for price to retrace, this case at 38.2 Fibonacci level, then LONG trade will be triggered when a green candle closes above the 10 SMA from the retracement.
Will enter this trade at 0.73650 with initial TP of 0.74650 risking 50 pips to achieve a 1:2 RRR.
