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Cambo_Guru

AUDCAD - Wyckoff's VSA - Swing Trade

Long
Australian Dollar/Canadian Dollar (CAPITALCOM:AUDCAD)  
Cambo_Guru  
CAPITALCOM:AUDCAD   Australian Dollar/Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
After a climatic move towards a Daily Timeframe resistance (0.95000), banks and institutional traders took profit. Supply overwhelmed demand, creating strong downtrend. This strong impulse will float the price towards a 4H Timeframe demand zone (0.93100) - in confluence with 200 EMA. Long opportunity for the next RALLY - BASE - RALLY.
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