Australian Dollar/Canadian Dollar
Long
Updated

AUDCAD: Watching for Pullback .. Here's My Trade Plan

141
📊 AUDCAD has rallied strongly following the release of positive RBA data, giving the Aussie a notable boost 💹.

🔎 On the chart, we can clearly see a phase of bullish expansion 🚀. At this stage, my focus is on waiting for a retracement, allowing price to pull back and then confirm with a bullish break of structure on a lower timeframe for a long entry 🎯.

⚠️ Disclaimer: This analysis is for educational purposes only and not financial advice. Always apply proper risk management.
Trade closed: target reached
AUDCAD was a nice outcome 🚀💰 snapshot

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.