AUD/CAD might be a good pair to keep an eye on for a potential long trade
The bottom of the channel and an area where there was a very bullish weekly candle is about 60 pips below the current price. Will monitor.
As it turned out, the stop loss was hit and price looks like it might continue to the 1st aggressive target without us!
Decent trade nonetheless.
We need to remember that long term the pair has been moving lower. Still, in this case we are in a situation where we’ve locked in about 170 PIPS. Aggressive targets could be as much as 330 or 450 PIPS based on the drawing on this 4 Hour Chart.
Charts101 Trading 