AUDCAD Potential Long Opportunity

22 Jan 2017

We will be looking to Long the AUDCAD, as the golden-cross that has emerged indicates an increase in the strength of the bulls. We also seem to have reached a Short-Term Resistance & also we are @61.80% fib retracement so a correction or a pull back was expected here for traders to rejoin the uptrend. We are expecting a type of setup to emerge here in order to BUY the breakout. We always wait for Price Action to get into the trade. Trade Wisely :-)