AUDCAD - EXPANDING TRAIANGLE - GETTIGN READY FOR THE LONG
AUDCAD - EXPANDING TRIANGLE - GETTING READY FOR THE LONG
AUDCAD has just created an expaning triangle.
It has just hit a major resistance line.
We can begin looking for an entry point
AUDCAD has just created an expaning triangle.
It has just hit a major resistance line.
We can begin looking for an entry point
Comment:
We had a nice little move higher but now the market appears to be reversing back. It has cut through the 1.272 quite easily. We may experience more downside toward where there is stronger support.