The Aussie Canadian, and recap of last week.

Good evening Dynamic Traders,

Tonight I thought I would do a re-cap of last weeks blogs as well as bringing to your attention a possible swing trade this week on the AUDCAD.

Last Sunday I mentioned this pair when it stood at 0.9760 and said a possible pullback was on the cards which could have been traded using the correct methods before continuing with the trend. Since then price came down some 200 or so pips but on Friday (NFP) has now possibly gone into the continuation mentioned last Sunday due to trends and a break North and so your appropriate filters could be used, but again as mentioned the figure is close by and so beware, and trade appropriately.

Other trades mentioned last week where the EURNZD, which has not triggered a short on the daily timeframe yet but as mentioned was for the watchlist, and last week price action on the weekly chart did make a doji at the V.I. so perhaps this week could see some movement-keep watching.

Wednesday post on the GBP regarding DD has since moved up a possible 60 pips or so but nothing to get excited about but if this trade was taken and depending on your TP you could still be in it but without having moved your stop so keep vigilant, as conditions are still valid and obstacles mentioned Wednesday still in the way, see Wednesday's post.

Regarding the NZDJPY on Thursday a possible 50 some pips movement have occured but obviously these all would not have been had due to entry filters etc. and ability to trade appropriate timeframes, but once again as 'NFP' is out of the way hopefully trading can get back to normal.

Get ready for another challenging week ahead in the markets.

As always please ensure to do your own analysis before trading.

Good luck.

Clayton Farnworth.