Fxprotrader
Long

AUDCAD Big Long Term Up Move

FX:AUDCAD   Australian Dollar/Canadian Dollar
133 2 15
Price has broken a long term resistance, retraced to test the broken level and it's now in a rally once again. Looking in the chart we can see it broke the corrective five wave structure that formed on it way to retest the broken level. Everything in this chart pointing for a buy but first we should wait for a smaller correction after the correction breakout and then go long.

In the weekly chart we can see the broken long term key level and a big MACD divergence:
snapshot
Totally agree friend!
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Fxprotrader Piet.Hein
Thank you mate..
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