AUDCAD - Channel Breakout Plan
Price has been down trending for a while and now forming a rising channel pattern. We expect price to break the lower trend line and continue to the downside.
Aggressive entries can be at the break of the trend line support. Conservative entries would be waiting for the break to occur, then enter upon retest at the sell zone. (0.8930's). Always wait for the break and confirmation before entry.
TP: 0.8850's
Aggressive entries can be at the break of the trend line support. Conservative entries would be waiting for the break to occur, then enter upon retest at the sell zone. (0.8930's). Always wait for the break and confirmation before entry.
TP: 0.8850's