USDCAD and AUDUSD up: Long AUDCAD

21 de jul. de 2016

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.

25 de jul. de 2016

Nota

Excellent progress. If we break this level, the pair will surge.

26 de jul. de 2016

Trade fechado manualmente

I closed the long today.

26 de jul. de 2016

Trade ativo

We reentered on the dip, with the same stop and lower risk.