FX_IDC:AUDCAD   Australian Dollar/Canadian Dollar
91 6 2
Several reasons favour a long position in AUDCAD             :

1. Daily Pin bar
2. Above Kumo cloud
3. Above 50 MA
4. Completed 0.618 retracement from last bullish impulse

i place the stop at 0.953

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Josep Pocalles
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UPDATE : Stopped out. I ´m considering to open a short position as we probably are assisting to a period of consolidation before next leg down
IvanLabrie Realisto_FX
I only trade this pair when the spread between inverse usdcad and audusd is wide, and also, not when they are correlating like now. Same direction in the individual pairs make for a bumpy untradeable road in the ratio chart.
+1 Reply
Realisto_FX IvanLabrie
great reply, thanks
+1 Reply
IvanLabrie Realisto_FX
Just an idea I found interesting.
You trade audcad frequently?
Found other pairs that behave like this?
Realisto_FX IvanLabrie
No, I don´t trade frequently . But I like to be positioned in pairs with long consolidation period because usually is the anticipation of a strong trend
IvanLabrie Realisto_FX
Yes, that's a good cue.
Like gbpnzd!
+1 Reply
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