Week ahead -GBPUSD, AUDCAD

On Friday we witnessed a nice drive against the dollar across the board of assets. In the upcoming week there are two pairs I have on my watch list.

GBPUSD, 5960's possible LONG – it all depends how quickly the pound would retrace and how well it would hold 5960's. I am not going in on the blind but if I see a favourable and quick reaction I am going IN.

AUDCAD, 0380's possible LONG – last week I have shorted this level. The position ended up +0.2R so kinda breakeven. It has created new lower low but was not able to carry on with that. Then it has created a counter reaction. I want to see a pullback to the resistance 0350's before going in LONG.

Have a great trading week 😉