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UnknownUnicorn661419
Nov 13, 2016 12:28 PM

AUDCAD Buy Opportunity Long

Australian Dollar/Canadian DollarFXCM

Description

It seems we have a continuation of bullish price action for another impulse upwards.

Wave counts for 3 different time periods all suggest bullish trend, together with Stochastic and RSI showing similar moves. Structure also suggests one more up move before a 'possible' reversal.
Looking at RSI in particular, seems to suggest a small move down (on my count seems like a wave C), to continue the upward trend impulse. If this proves to be the case, this will be a good trade to catch, on breakout of structure.

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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
Please do not trade this chart if you do not have your own strategy. Trade only with your own strategy.
Some very wise words: Plan your trade and trade your plan... and IF in doubt, stay out.

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