At least it will be a big correction up
The pair to me looks like its getting tightly squeezed into this type of falling wedge, can we see a correction to the medium top channel and maybe a break above towards the impulsive leg? The pair for me is still bearish and i will be watching it closely as their may be some kind of shift in momentum towards the upside and a continuation possibly for a little...
AUDCAD sell - looking for rejection around either the 61.8% or the 78.6% for it to roll over to the downside. Watch the region of the two purple boxes for a doji or spinning top formation on the 4hr time frame to take a short position. Take partial profits at the 0% -20% and finally the -61.8%. 180 PIP gain 5.5/1 RR
AUDCAD Currently this pair running at the major resistance level at 0.91200 From this level we may expect some short term fall back towards 0.90600 level.Which is 100EMA This 100EMA will form as support level there we may execute buy orders And the potential target will be 0.92160 Stop lose may placed at 0.90100