We noticed that AUDCAD broke above downward trend line, it subsequently moved higher within upward channel. Price is supported by FE 100 and bullish candlestick pattern has been identified. We went long with stop loss below bullish candlestick with take profit at where the upper trend channel is. The risk reward ratio for this case is slightly more than 1.
At the moment, we have BCOUSD, AUDCAD, EURAUD and NZDJPY positions.
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