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Panjang

Going Long on AUDCAD.

FX_IDC:AUDCAD   Dolar Australia/Dolar Kanada
37 0 5
This weeks short lived CAD bullish momentum seems to be slowing down. With that we have a good opportunity to go long with AUDCAD             . This fits perfectly with the bounce off the trend line and a nice bullish candle starting to form. I would go long until the strong resistance level that has been formed around the 1.03400 area. This will give you a 2:1 minimum trade. The StochRSI indicator is also in the oversold area to help confirm the trade opportunity. Please trade at your own risk. Happy Trading.
Komen: Sorry for covering the bounce off the trend line, it was not like that when I was making the chart.
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