Based on AUD and CAD data from last week and in expectations for CAD GDP on Monday afternoon (CET), I'd bet for long continuation with this pair. It's just a matter of good entry (but isn't it always :)
I'll wait for London open on Monday and start adding to long position on pullback from current level with stops below rectangle area. The lower green box at the bottom of rectangle would be perfect entry, but it may not be reached anymore. TP1 and TP2 are intermediate targets where I'll be looking for offloading some parts of position and re-enter on pullbacks with TP3 in mind for The target at TP3.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
I'll wait for London open on Monday and start adding to long position on pullback from current level with stops below rectangle area. The lower green box at the bottom of rectangle would be perfect entry, but it may not be reached anymore. TP1 and TP2 are intermediate targets where I'll be looking for offloading some parts of position and re-enter on pullbacks with TP3 in mind for The target at TP3.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Ordre annulé:
No trade here.
