AANGCapital

AUDCAD (MEDIUM TERM) TIME TO BUY?

Long
FX:AUDCAD   Australian Dollar/Canadian Dollar
The pair to me looks like its getting tightly squeezed into this type of falling wedge , can we see a correction to the medium top channel and maybe a break above towards the impulsive leg? The pair for me is still bearish and i will be watching it closely as their may be some kind of shift in momentum towards the upside and a continuation possibly for a little longer than short term. If you are going to trade this, i suggest you watch it as bulls have not been strong at all
Trade active
Trade closed: stop reached

Comments

nice job, audcad is worth monitoring, I will making an update
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