If RBA doesn't cut rates + oil market is coming down and china is doing well; there is a decent opportunity to long AUDCAD,especially if it breaks weekly highs.
Shorting AUDCAD also can be considered if RBA cut interest rate more than expected and sounds dovish irrespective of Oil market. if China data shows ...
Further to last post on EURUSD; I will be moving the TP to 1.07 levels without changing the SL.
Based on current developments; USD could gain some strength against EUR because of bearish approach of traders to EUR due to uncertainty in EURO ZONE
Definable R:R level for a short entry; if RBA decide to cut rate or speak in a more dovish tone.
only threat is a risk-on sentiment which is highly unlikely in the first half of the week.
0.5% to 1% of your account size would be ideal
Fundamentals favor long Gold and Silver
-Uncertainty about rate hike in US
-Brexit/ Bremain volatility
-Appreciation of safe haven assets
-insecurity of a Japanese intervention
-dovish central bank around the world
if you think in terms of big picture, it is good to buy some gold or silver than ...