AUDCAD: Nothing Fancy Just Pure Structure Trading

Jan 13, 2016

No fancy shapes or anything like that today just a pure structure based setup for you guys. We'll be looking for long opportunities on this pair today in my Live Trading Room looking to hop on the current outside return. We're actually inside the killzone as we speak but I'll be waiting for a lower place of entry since I'm more or a trend continuation trader not a trend following trader in these types of situations.

We do have a Fibonacci cluster in this zone as well but what caught my attention was looking at price action and how resistance has recently turned to support around this psychhological level of 0.9950.

If you find that you're unfamiliar with the basics of reading a price chart make sure you watch the FREE Training video called "Into The Grey" goo.gl/5e8Jcr


Thanks for all of the support traders and continue to "LIKE" "SHARE" & "COMMENT" under these posts!

Akil Stokes
Chief Currency Analyst & Head Trading Coach
TradeEmpowered.com

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Jan 15, 2016

Trade closed: target reached

Sorry forgot to update this