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AUD/CAD: Intraday and End-of-Day Trend Following
When the daily time frame has a Directional Bias it helps better define the overall psychology of the pair and that’s exactly what the AUD/CAD going for it. The bullish Directional Bias determines how I will define the dominant trend (up) and what a counter-trend position would be (short) therefore the daily is important in time frame and trade selection. Here’s how I do it. I start my analysis with the daily chart to determine what the dominant trend is and for most pairs right now it’s sideways chop. A few exceptions like the AUD/USD (which I wrote about yesterday) and the AUD/CAD have a Directional Bias that ... (full story)
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