AUDCAD - Fibo Retracement Trade (HEDGE)

We are looking for the retracement over Fib(0.318) and a continuation starting from Fib(0.136) to the upside. Price may stuck between 0 and 0.136 level and would like to retest Fib(0.618) where we may hede with 3x lots.

Plan is to risk a total of %1, so that 3x lots and 200 points (20 pips) SL should be equal to the %1 of your account.

Placed a buy stop at 0.89680

Trade ist aktiv:

As the GBPCAD made the same pattern where we entered a buy order directly, I will not wait fot AUDCAD to reach Fib(0.136) and enter here directly