Driven by strong fundamentals, the pair is still continuing its downtrend after a breif pushback inside the ichimoku cloud where it has found resistance. Currently, we have cleared the cloud by the downside so new lows are to be expected. I personally have my target at around 0.8800 .
Komen:
Retracing... The bias has not changed : BEARISH. I will be looking to add half risk on my position when at resistance.
Komen:
Volumes are higher. Expect a continuation to the downside.
Komen:
Lower low. structure in formation...
Komen:
Currently on support. I am taking some profits off the table and let a runner for the final target.
Komen:
My bias is still bearish for the coming week.
Komen:
Retracement this morning... Still holding, bias has not changed!
Komen:
Hold.. Patience is key
Komen:
FOMC meeting day, if it is as expected AUDCAD will drop!
Komen:
Holding with patience... The bias remains the same!
Komen:
Still active. PLease understand that those are swing trades. The RR to the target remains positive! Managre risk properly!