AUDCAD -- can you reverse, please?

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

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Price hasn't broken out of the accumulation range so this may well not play out. Just wait for that break above 0.93730

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Price broke the said level and should start retracing to our point of interest

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Sniper entry! We are in

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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.

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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

fxsurgeon1

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.

fxsurgeon1