btmeerhof

Long Aud/Cad based on wedge, support and starting divergence

FX:AUDCAD   Australian Dollar/Canadian Dollar
Audcad seems to be at the bottom of a wedge falling into the support zone .
Mfi is starting to level out thus forming divergence with price slowly going down. This can be a good indication to go long.

I'd spread out my entries to get a better r:r if possible.
I've given a general idea on how 1 might do so. This example shows 3 entries each of wich should be 0.33% of your max risk. For swingtrading i reccomend it being about 0.5% or lower per trade.

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