AUD/CAD Short....or Long
Updated
i see 2 possible scenarios (similiar to last week)
1) price isnt able to break through the 1.0100 area and gets rejected ..i will look for a short position after a valid TL break to the downside
2) price is able to break the level to the upside and i will play it like last week...get in a trade after a strong momentum candle ..or after a pullback in the area again
lets see what price will give us ..this way we can cover a trend following trade or a reversal trade
1) price isnt able to break through the 1.0100 area and gets rejected ..i will look for a short position after a valid TL break to the downside
2) price is able to break the level to the upside and i will play it like last week...get in a trade after a strong momentum candle ..or after a pullback in the area again
lets see what price will give us ..this way we can cover a trend following trade or a reversal trade
Comment
+150 pips..
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