cashmachine01

AUDCAD Pending Corrective Structure

FX:AUDCAD   Australian Dollar/Canadian Dollar
Looking over the AUDCAD             the daily has broken through a trend line resistance. The 4 hour shows a classic 5 wave structure. It would be reasonable to expect a break at the top of this wave 5 as I see it into a corrective pattern.

On a shorter time frame I will be looking for long setups until this wave 5 trend line has broken through.

This is for my trade journal only. Use good MM and your own strategy
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