Observation: i. Trendline resistance now becomes support @ 0.88500 zone.
ii. Correction completes with a strong Bullish engulfing candle from this support @ 0.88300 signals buyers gaining momentum.
iii. Breakout from the...
AUDCAD Long the structure pull back
Broke Neckline and formed a cup and handle.
Please note I am only providing my own trading information for your benefit and insight into my trading techniques,
you should do your own due diligence and not take this information as a trade signal.
Thank you for support and likes. Feel free to comment below.
for those following me, you would have seen
i noted it was coming to this point. question
now is will the bulls push back up. i think we
will see a reversal to 0.92713
if it breaks the blue line then wait for
confirmation to sell.
On the daily time frame AudCad is looking at further down movement. The lower range has already been broken and the indicators show power that might also break the support. So AudCad sell position can be profitable to hold for 1-2 days.
TP: 0.97 > 0.9645
Cypher completed under my nose in the first half of the last 60 minutes. Thank the market wizards for entry orders, lol. There could be a retest or even a break below with such a sporadic move. If you get involved remain aware of price action nearest term.
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...