AUDCAD - BUY 2618 setup

9 May 2019

After a confirmed double bottom, the price retraced back to fib 61.8 price level, a doji candlestick with a few long wick candlesticks, it is safer to confirm the stop-loss to be in this level now minus some pips. The trade setup can provide 2:1 R:R for the first target and in the daily chart it can be extended to 0.954 price level which can be trailed using 4H TF.