IvanLabrie
Long

USDCAD and AUDUSD up: Long AUDCAD

FX:USDCAD   U.S. Dollar/Canadian Dollar
We have a nice setup in the making here. With oil             looking ready to break down hard, I favor AUDCAD             longs, (as well as CADJPY             and USDCAD             longs, perhaps GBPCAD             ), I do like AUDUSD             , but I'd rather pass on the long there for now and focus on AUDCAD             at this time, with risk of the risk on pairs suffering losses in the coming 2 months.
You can enter longs at market, or on a slight retracement with stops under the recent swing low.
I have no tp, just looking to rejoin the uptrend.
Comment: Excellent progress. If we break this level, the pair will surge.
Trade closed manually: I closed the long today.
Trade active: We reentered on the dip, with the same stop and lower risk.
Nice setup.
+1 Reply
In at 98.118
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IvanLabrie PRO chrisypaty
Right now I wouldn't enter but only manage trades taken earlier. Good luck though.
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