AUDCAD – Price Action Signal (Long)

Last week I wrote about the bullish market condition in the AUDCAD, it is still bullish and will remain bullish until it hits the next LT resistance level.

Sometimes we need to patiently wait for our signal, it’s not like “we know” where the market is heading and we open our trade, we need to have good timing, that’s the main reason why we have a “trigger signal”. Anyway, our signal has been triggered and the Risk-reward ratio in this trade is pretty good, almost 8:1 so why not giving it a shot:

Here are my levels:

Entry: 1.0138
SL: 1.0102
TP: 1.0425

We’ll see what happens.

Trade Safe!

Raul Lopez
Forex Training

AUDCAD analysis

Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .