tartantrader

The Aussie Soars whilst the Loonie is Grounded

Long
OANDA:AUDCAD   Australian Dollar/Canadian Dollar
For the last several months the Aussie has been taken to woodpile while the Loonie has soared. The last 2 weeks the flight of the loonie has come to a standstill, in fact the last 2 weeks have produce 2 handsome and potentially rewarding bearish reversal candles. I have 2 buy stops set one at a pull back of 0.9660 and a break above the latest candle at 0.9705 my stop is at 0.9580 and my tp at 100 even. Coupled with strong support a weakening loonie and a strengthening Aussie makes this my trade of the week.
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