AUDCAD; important decision ahead
For about four weeks now AUDCAD has been trading in a strong bearish trend. So far the price has formed a falling wedge pattern on 4H as it approaches the daily support which is also a potential demand zone.
I expect a reversal from this zone. To trade more safely I will wait for the breakout and retest of the structure.
The setup will be invalid once the price violates the highlighted support.
What is your opinion on AUDCAD?
I expect a reversal from this zone. To trade more safely I will wait for the breakout and retest of the structure.
The setup will be invalid once the price violates the highlighted support.
What is your opinion on AUDCAD?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.