J_Graystone
Short

AUDCAD Trend Continuation

FX:AUDCAD   Australian Dollar/Canadian Dollar
78 1 7
Having earned a good few pips out of this market recently, we are seeing another push up into previous structure resistance which should now become support.
We also have a 382 retracement from the previous consolidation level and a 618 retracement from the previous structure high.
Looking left at the previous support level , we can see that it held well after being tested 7 times so this should not provide decent resistance.

Better than a one to one if you are looking for targets at previous structure lows.
True trend continuation traders looking for the extended move? well now is a great time to enter.

Good luck in the markets.
Agree, looking good so far!
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