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.
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If this bar can form a pin bar there might be a potential setup!