byStoyan

AUDCAD waiting retracement

Long
byStoyan Updated   
FOREXCOM:AUDCAD   Australian Dollar/Canadian Dollar
AUDCAD is in a strong resistance zone. The pair is in bullish environment, but I think upside continuation can resume after pullback to minimum 0.38 fib level. I will place small buy limit orders on fib levels 0.38, 0.5 and 0.618 with SL below 0.78 fib level. Target price TP is 0.91800
Comment:
First entry doesn't look good to me from Risk - Reward perspective, so just cancel it.
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