AUDCAD — 0.975
Most people would not consider this currency pair. It is not exciting, fast moving (usually) nor one of the ‘big six’. We, however, would disagree. All currency pairs offer profits. There are opportunities everywhere. Take this chart here:
We can see the trading around 0.974-0.977 for stability and resistance. And on the chart it looks unexciting – since October 1st it appears relatively stable. So, how can we see some profit in this?
Look at the above chart. Investors should notice the 5 minute trends are different. The candlesticks are moving upwards — appearing to indicate a bullish trend (or recovery) from the loss at 12:00. Active assertive investors are able to see and be challenged to invest in this. Quick buy/sell decisions could result in a nice profit. Remember, this is the ‘boring’ currency pair.
Summary for investors — caution, but always opportunity. Be challenged and trade assertively for daily profit!
Do you have stories on your own quick profit or missed opportunity? Feel free to write to us at: [email protected]