AUDCAD Short 22nd March

22 Mar 2017

AUDCAD is reacting at the key weekly level. The daily isn't the best but we can see a break down on the 1h chart. I'm looking for a pull back to the 1h 50 ema and hoping to enter with a 35 pip stop. I want to take this trade down to the daily 50 ema which will come up to around 1.0155 area in the next few days.

Video to follow