AUDCAD long and short case
Aggiornato
AUDCAD moving within a descending channel.. this could provide opportunity with good RR on both sides.. To play the long side we wait for possible breakout and retest, which would also confirm an inverse head shoulder.. the objective of the long side will be 0.9700 region. On the other hand to play the short side we wait for rejections to set in around the upper band of the channel with a bearish close.. the objective of the short side would be to target 0.935 region... either way we have to wait for confirmation before entry and ensure the trade is within our risk limit
Trade attivo
we have the breakout and successfull retest... First target @ 0.9559 achieved. Next target is 0.96315 then 0.97
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