AUDCAD has shown a similar price movement, experiencing a significant upward reaction but failing to break through both the weekly and daily Area of Interest (AOI). The price has since declined. What we need now is a sign of strength (SOS) on the 4-hour timeframe, along with a confirmation pullback at the daily AOI to enter this trade. The price action is developing; let's wait for the opportunity to present itself.
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.