Monday, 6 February 2012

AUD/CAD Analysis

We're above resistance on the daily timeframe and the sky is clear

- Pinbar candle on Daily
- Bouncing off 8ema
- 4hour chart shows a 50% retrace off the 30th Jan lows
- Trend up
- Moving Averages pointing up

Have gone long already

STOP: 10647
ENTRY: 10680.7
LIMIT: 10880.7

RISK/REWARD: 6/1


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