Hi,
AUDCAD today and I think the weekly chart below is telling the whole story.
As seller I'm looking for two possible scenarios:
1. I'm looking to sell rallies itto 1,0350/0400 zone based on measured move visible on the chart with stop bid @ 1,0470 and target @ 1,00 - risking only 0,25%
2. I will sell rallies towards 1,0550 ( and higher ) with stop bid @ 1,0759 and targeting 1,00 and 0,91 - this time I'm going to risk 1%
Please let us know should you have any additional questions or you would like to discuss other crosses as well. We are here to help you, just contact us at: landoftradingATgmailDOTcom.
AUDCAD today and I think the weekly chart below is telling the whole story.
As seller I'm looking for two possible scenarios:
1. I'm looking to sell rallies itto 1,0350/0400 zone based on measured move visible on the chart with stop bid @ 1,0470 and target @ 1,00 - risking only 0,25%
2. I will sell rallies towards 1,0550 ( and higher ) with stop bid @ 1,0759 and targeting 1,00 and 0,91 - this time I'm going to risk 1%
NOTE: As it's med/long term idea we have to remember that swaps are against Us !
Please let us know should you have any additional questions or you would like to discuss other crosses as well. We are here to help you, just contact us at: landoftradingATgmailDOTcom.
Mr Price Action
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