CromerKing

Long way up from down under.... AUDCAD Long

Panjang
FX:AUDCAD   Dolar Australia/Dolar Kanada
I've been following this pair since the last bullish weekly close and added to my position on when it touched my prefered fib zone pull back this week. Now with a second bullish weekly close a reversal looks really on the cards. There are still a couple of entry opportunities. One is at market open with stops below the last weekly low, maybe not for the risk adverse but for those of you who are more conservative then wait for a break and test of the descending trend line (in red).

Penafian

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