Having reached a key level, AC is expected to accumulate long positions for another run towards a Higher High. After a long accumulation we finally see a rally after the Spring. All we need now is multiple levels to be broken to the upside. I have indicated the most probable reversal zone. Worth keeping on your watch list especially for swing traders. GL
Nota
Price hasn't broken out of the accumulation range so this may well not play out. Just wait for that break above 0.93730Nota
Price broke the said level and should start retracing to our point of interestNota
Sniper entry! We are inNota
Sorry guys, this has dropped to our entry zone. My bias is still bullish however price is having a difficulty climbing up. It has generated lots of buy-side liquidity so hopefully it will attract the move north.Nota
What a rollercoaster of day it’s been for AUDCAD. Nevertheless, we’re going up! I’ve moved my SL to BE, hopefully they will not be revisiting the demand zone. GL
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