AUDCAD 8:1 RR short effective immediately

FX:AUDCAD   Australian Dollar/Canadian Dollar
130 3 8
Beautiful wedge into a prior huge mode resistance, target is the base from which it broke out... .5% risk to make 4%, if you get stopped initially, reenter on next break lower... the reward is large enough to forgive a false break a few times over and still yield a size-able reward.. GL!
Thanks :)
Stop loss hit.
Should fall pretty fast if it's a valid terminal, keep the timing in check...tight stop is worth it, specially if you can go to break even asap.
I think we might see a triangle, no new low in the larger daily structure and both cad and aud getting a boost this week for different reasons:

#1 Copper and Gold helping Aud
#2 Oil helping Cad
#3 Stocks/Asia relief helping the dollar and Aussie vs Cad

How will these 3 things weigh on price of audcad?
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out