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naumanfx_
Oct 23, 2022 6:44 PM

AUDCAD BEST SETUP TO TRADE Long

Australian Dollar/Canadian DollarFXCM

Description

In audcad we see price was in clear range area from last some days and cosolidate this zone and now price break this area of accumulation phase to upside and on 4h candle close bullish above the zone and range this show the clear break out of market structure and now price restest this resistance now as a support so here we have a good entry for long if price restest and then give us confirmation through candle stick like bullish engufing cndle or hammer and rejecting candle so we go long for the target of next resitance area.
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