And so, a big correction is expected in AUDCAD expected to test the engineered liquidity on the Weekly TF around 0.95400.The instrument is still under the influence of the bears. The current bear move is contained by the support zone 0.91060. At the moment, it is assumed that sellers will be able to defend their positions in the market and bring the price back to 0.90490 in order to aim higher from there.
This Trade is a 490pips swing with only a 20pips Stop Loss (Risk to Reward -1:21)
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
This Trade is a 490pips swing with only a 20pips Stop Loss (Risk to Reward -1:21)
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.