Basically in this hourly chart, we won't be too interested in taking long as there were bearish pattern and double top above;
What makes me turn to this pair that's not even on my watchlist?
Inside days!
Both AUDUSD and USDCAD have inside days yesterday, AUDUSD already breakout a little bit and USDCAD in right at the corner.
As a combination effect, a AUDCAD long is the best trading choice to take part in both breakout!
Of course, even if I have strong conviction to take a long in this pair, I won't open a long position in front of a bearish bat nor bearish 2618.
Accordingly, this normal structure pullback becomes the best possible choice to get on the train!
(If it hits the bat first and pullbacks to the structure, this trade would be even better! )
Let's see how it goes!
What makes me turn to this pair that's not even on my watchlist?
Inside days!
Both AUDUSD and USDCAD have inside days yesterday, AUDUSD already breakout a little bit and USDCAD in right at the corner.
As a combination effect, a AUDCAD long is the best trading choice to take part in both breakout!
Of course, even if I have strong conviction to take a long in this pair, I won't open a long position in front of a bearish bat nor bearish 2618.
Accordingly, this normal structure pullback becomes the best possible choice to get on the train!
(If it hits the bat first and pullbacks to the structure, this trade would be even better! )
Let's see how it goes!
What a inside day breakout combination!