AUDCAD Bearish Trend

2 Apr

Trade Type: Sell Limit
Entry Level: 0.88151
Stop Loss: 0.88363
Take Profit: 0.8786

Risk-to-Reward Ratio: 1:1

Here are a few observations:

Entry Level (0.88151): This is the level at which you intend to enter a sell limit order for the AUDCAD currency pair, anticipating a bearish move.
Stop Loss (0.88363): The stop-loss level is set at 0.88363, which means that if the market moves against your trade and reaches this level, your position will be closed to limit potential losses.
Take Profit (0.8786): The take-profit level is set at 0.8786, indicating the price level at which you aim to exit the trade and secure potential profits if the market moves in your favor.
Risk-to-Reward Ratio (1:1): The risk-to-reward ratio is 1:1, meaning that the potential profit (from entry to take-profit) is equal to the potential loss (from entry to stop-loss). This ratio indicates a balanced risk-reward scenario for this trade setup.