TDMarkets

Buy AUD/CAD

Buy AUD/CAD

On September 18, 2017, Posted by , In Uncategorized, By , With No Comments

Buy AUD/CAD at price 0.9770 with a stop loss placed at 0.9587. Place your TP at price 1.0065. The reason for a wide stop loss is that the market might retrace further downwards, as such the stop loss is placed such that it accommodates all of that should it happen. The market is on support trendline from a D1 chart and a horizontal support level from a daily chart. On a weekly chart, we have a hammer which formed last week and the stoch is oversold. we expecting a Bullish week for AUD/CAD

 

Trade will be a long term trade, one can still take a position even after a few hours

 

Posted :11:42

 

18/09/2017

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