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QuileHills
Apr 26, 2017 5:39 PM

AUDCAD Potential Buy Signal Long

AUD/CADOANDA

Description

AUDCAD formed a 4H doji after retracing a bit of it's bullish run. If it consolidates tightly in this area for the remainder of the current 4H candle then the 8H candle will also form a good bullish doji.

I'll be watching the pair after rollover to possibly find a good long entry once spreads settle back down to their normal size.

I'll likely target 1.024-1.026, a retest of the recent peak.
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