AUDCAD reversal trade on smaller timeframes.

AUDCAD is very bullish since the breakout of 5 month long consolidation, price has give breakout after a shallow correction, soon it has formed a sideways consolidating range and had given a breakout above the level of 0.9956.

with dual confirmation, breakout of bearish trendline and breakout of horizontal resistance this setup has higher chance of working out in our expected direction.
for target we are looking at 0.9990 as a conservative level, expected to even breach that level & stoploss can be placed at 0.9946.

only bullish trades should be preferred moving forward

For Educational Purposes only, Not an Investment Advice, Always use strict Risk management measures.

Regards CrazyTrades247.