Fxprotrader
Long

AUDCAD: Nice Zone To Watch For Longs

FX:AUDCAD   Australian Dollar/Canadian Dollar
306 1 12
Price is moving in a corrective struture after an impulsive upmove and it's heading down to test a long term daily uptrend. At that level, looking left, we may see previous structure another reason to watch for longs. So in case price retraces to the uptrend we should start looking for buy setups based on our strategy. If price breaks below the uptrend, structure changes and we should watch for a sell setup completion.

Daily uptrend:
snapshot
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Toma PRO
2 months ago
HI FXproder, thanks for sharing. Looking at the weekly time frame, the pair is moving in a triangle and is now at a strong resistance. I would be surprised if it gets broken up right away:
snapshot
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