This pair is ranging now for 1 Month, I expect some CAD strength in the next time and maybe this pair is able to make new yearly lows.
But at first I expect a move around 100 Pips down to support again!
AUD pairs run a bit slower but that should most of you know!
Also nice Wick Rejection at our resistance!
SL is Placed over the highest wick about 15 Pips.
Reward for this trade are around 100 Pips, so we nearly have a Risk to Reward of 1:7!
But at first I expect a move around 100 Pips down to support again!
AUD pairs run a bit slower but that should most of you know!
Also nice Wick Rejection at our resistance!
SL is Placed over the highest wick about 15 Pips.
Reward for this trade are around 100 Pips, so we nearly have a Risk to Reward of 1:7!