Watching for Breakout AUDCAD has made a huge rebound higher before making a sideways move in more recent times. As the daily chart shows ; in recent sessions price has consolidated and moved into a box pattern. If we can see this box breakout inline with the previous momentum higher it could see the next leg higher continue. This could also pave the way for...
PRICE ACTION TRADING. STEP FIVE Draw the box, use a support and resistance bars. STEP SIX Find a PA ( Price Action ) reversal pattern. PRACTICE,PRACTICE,PRACTICE AND PRACTICE SEE YOU AT NEXT VOLUME !! Update status
We see nice retrace on resistance zone, so short on break of the box.