AlkalineFX

AUDCAD: Completed Compression ✅

Long
FX:AUDCAD   Australian Dollar/Canadian Dollar
After a long period of time, the compression was completed and all the early buyers invited into the compression trap were liquidated.

I will now be looking to join the true buys around a solid area of demand.

We may bounce from here but I believe we are likely to push deeper into the initial demand before we see any reaction.

As always, I will be monitoring this on the lower time frames for entries with my members.


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