Several of the AUD pairs are showing a 1 hour chart Bullish trend at present, and so we'll be keeping an eye on them to see how they develop. As we are already in with an AUD trade, I won't rush in to anything too hastily, but will let things develop so as to be sure...
Our EUR/CAD trade is still progressing nicely. The price has moved up to 450 pips beyond our entry, and our stop has now moved up to 1.5203 - level with the bottom edge of the Kumo.
Looking at the daily EURCAD chart, we can see that the price is about to hit the top edge of the Kumo there.
Will it break through?
If it does, then we can look forward to larger potential profits still with our current entry. If it falters, then we can start to consider an exit - but again we are in no rush, and can let the price do what it needs to do for now.
happy trading,
Cord
