Erady_Pascal

AUDCAD; important decision ahead

Long
FOREXCOM:AUDCAD   Australian Dollar/Canadian Dollar
For about four weeks now AUDCAD has been trading in a strong bearish trend . So far the price has formed a falling wedge pattern on 4H as it approaches the daily support which is also a potential demand zone .
I expect a reversal from this zone. To trade more safely I will wait for the breakout and retest of the structure.

The setup will be invalid once the price violates the highlighted support.

What is your opinion on AUDCAD?