the Audusd broke above, might look for opportunities to the upsite, I'm Neutral till further confirmations...remember this is forex, we let the market tell us what is wants to do and we follow, "the trend is your friend"
Impulse - Correction - Impulse This formula has been relevant for trading on the markets for more than a hundred years, although it was described in detail only 90 years ago by Elliott, and you and I continue to use this knowledge to improve in them. LEAVE A LIKE, COMMENT, FOLLOW FOR MORE....
The USDCAD's LOOSING MOMENTUM, WE MIGHT BE LOOKING AT A FURTHER BULLISH, CURRRENTLY TRADING ON THE 1.33247 SUPPORT IF IT BOUNCES FROM WE MIGHT BE LOOKING INTO BUYING ON IT, BUT IF IT BREAKS BELOW THE SUPPORT , MIGHT WAIT FOR IT TO BOUNCE OF THE 1.31057 TRENDLINE SUPPORT. RISK MANAGMENT ALWAYS APPLIES -TRADE SAFE -DOUBLE CHECK -CONFIRM -ENJOY PROFITS CueBank_
It created an impulse move, which might cause a reversal on the zone it's trading in, if it breaks below the 0.7 zone we'll be looking for it to consolidate gaining enough momentum for a bearish move if it breaks above the resistance we will wait for a continuation pattern to form then we continue bullish, till the indicated resistance above current trading resistance
might get a pull back 0.88 forming a continuation pattern before going above the 0.9500 xone