AUDCAD waiting retracement

Dec 29, 2019

AUDCAD is in a strong resistance zone. The pair is in bullish environment, but I think upside continuation can resume after pullback to minimum 0.38 fib level. I will place small buy limit orders on fib levels 0.38, 0.5 and 0.618 with SL below 0.78 fib level. Target price TP is 0.91800

Dec 29, 2019

Note

First entry doesn't look good to me from Risk - Reward perspective, so just cancel it.