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Mihai_Iacob
Dec 6, 2019 12:15 PM

AudCad- towards 0.92? Long

Australian Dollar/Canadian DollarFXCM

Description

AudCad has found a strong base at 0.89, with a false break of the level on 1st October.
Since then the pair was or less stable, trading in a 200 pips range.
We have a higher low at 0.8970 and we expect this new support to hold

Strategy:
Buy the market
SL @ 0.8960
TP @ 0.9200 for a confortable 1:3 risk:reward
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