Good evening Dynamic Traders,
welcome to another week of successful trading.
I hope you all had a great weekend. It was my sisters wedding over this weekend and for those of you who have never been to an Indian wedding it was held over a few days so I've been non stop on the go.
After the last 5 trading days of sideways movement the USDCAD has stopped me out for a total of a 410 pip profit. I 'm still keeping an eye on this pair for a BOB.
I mentioned the AUDUSD a little while back as it had a good BOB of a trend line but now we've had our first pullback which is near the 50% and the figure 0.8000. I'm now looking for a good entry point for a potential long trade but I'm also going to make sure I have a good confluence of events. I will be checking this pair tomorrow morning as it has already moved more than my preference of its daily range.
AUDUSD forex chart from Advanced Get