FX:AUDCAD   Australian Dollar/Canadian Dollar
177 9 11
UPDATE:
DO NOT BE TOO GREEDY IN YOUR TP. THIS TRADE IS FACING SOME SERIOUS SUPPORT @ 0.9600.

SIMILAR TO AUDUSD             . REACHING KEY RESISTANCE.
WHAT WILL HAPPEN?
KEEP A LOOKOUT. BREAK ABOVE IS LESS LIKELY IMO.
Observe this pair for now. Possible rejection off resistance trendline. Or possible breakout. Either way, observe it.
+1 Reply
I believe AUD pairs are on the upside breakout.
AUDUSD and AUDJPY has broke upside.
Would be looking for buy.

NZD pairs has also rose quite significantly breaking resistance trendlines.
+1 Reply
Daniel.B
2 years ago
Nice clean analysis bro, that pin bar / doji rejection at resistance looks tempting but as you stated AUD pairs are on the path to upside breakouts so I agree with sitting on the sidelines lol
+1 Reply
PriceActionTrading Daniel.B
2 years ago
Yes. could be upside could be downside. Not sure which to take until a solid D1 close. thanks bro!
+1 Reply
PriceActionTrading PriceActionTrading
2 years ago
Tempting indeed. Stay out and observe is the best option right now.
snapshot
+1 Reply
Appreciate a thumbs up and comments if you have benefited from my ideas. It helps.
Reply
On its way. But beware 0.9600 potential bounce.
Reply
CAD weakness has pushed this pair out of its tranding range, causing a breakout that has no reliable support behind it. Im calling this breakout a bluff. But who knows?
My long entry is still @ 0.9600 where my support line is at.
Reply
PriceActionTrading PriceActionTrading
2 years ago
H4
snapshot
Reply
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