Keeping an eye on this strong support area on AUDCAD
We could have a breakdown of this area or a bounce upwards. I'm looking for price action to confirm the direction of the market.
If we can get a strong close below the 0.94350 area (a BEOB) I would hold a bearish bias; if we were to see a pin bar or BUOB I would hold a bullish bias.
We could have a breakdown of this area or a bounce upwards. I'm looking for price action to confirm the direction of the market.
If we can get a strong close below the 0.94350 area (a BEOB) I would hold a bearish bias; if we were to see a pin bar or BUOB I would hold a bullish bias.
Comment:
If this bar can form a pin bar there might be a potential setup!
