AUDCAD Likely to take support

3 thg 7, 2017

The black line has acted as support previously as clearly shown by the blue cirlcles. I expect this pair to take support again and hence have set an order to go long at 0.9964 and take profit at 1.0097 and stop loss at 0.9895. That is about 130 pips take profit and about 70 pips stop loss. I use very simple price action trading and technincal analysis, always maintain a good risk to reward.