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?