KingWenz84

AUDCAD short term long, long term short

Long
FX:AUDCAD   Australian Dollar/Canadian Dollar
We have seen a break out the the bullish channel on the Daily, I would expect a re-test to resistance and the under side of the trend line followed by a further bearish movement.

My Initial position would be:

Short
TP: 0.9900
SL: 0.9600
RR: 1:2.85

Depending on how this move goes I will re-access the chart for the potential short

Comments

typo, I meant my initial position would be long
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