NICE LONG SETUP BASED ON SUPPLY AND DEMAND AS WELL AS FOLLOWING TE LONG TERM TREND
WE HAVE A GOOD BREAKOUT CONTINUATION PLAY OF THE CURRENT MARKET CORRECTION...THOSE TAKE PROFIT LEVELS ARE ALSO GOOD FOR A STOP AND REVERSE TRADE WITH THE SECOND TRADE BEING A CONTINUATION OF THE ORIGINAL DOWN TRENDING MARKET
Good long setup with a quite a number of confluences to go long including stochastic divergence, support as well upcoming fundamental news..might fake out before ralling upwards...
A great short due to the superb rik reward and the fact that this air has very low Weekly I.V percentile as well as the fact that the prices are in an oversupply of the Australian dollar against the the canadian dollar.