We have a nice setup in the making here. With oil looking ready to break down hard, I favor AUDCAD longs, (as well as CADJPY and USDCAD longs, perhaps GBPCAD), I do like AUDUSD, but I'd rather pass on the long there for now and focus on AUDCAD at this time, with risk of the risk on pairs suffering losses in the coming 2 months. You can enter longs at market, or on a slight retracement with stops under the recent swing low. I have no tp, just looking to rejoin the uptrend.
Kommentar
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Excellent progress. If we break this level, the pair will surge.
Trade wurde manuell geschlossen
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I closed the long today.
Trade ist aktiv
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We reentered on the dip, with the same stop and lower risk.