FX:AUDCAD   Australian Dollar/Canadian Dollar
We just finished the last leg of a Bullish Wave. Price started to show some upwards movement on the 1HR charts and looks to be in a great demand zone. Moving to the 4HR time-frame you will notice that the price is currently in a squeeze. If price breaks out above the 0.98120 level you could see the bulls start to push price into even higher territory. The stop loss will be at the bottom of the last swing level, and you would be going for a 1 : 3.5 risk to reward.

For more analysis and trading ideas please subscribe for free to www.wallstreetknows.com - Our goal is to educate and provide trading signals for an average of 2,000 pips per month.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.