At least one Aussie major bank (CBA) has predicted the AU will be at .71 Is this the first move toward that level?
Could the bounce off 1.4140 see another move up to the 1.44500 area? The structure forming at the bottom might be suggesting a new pattern forming, but from that support area, it might be worth a long position with a good RR ratio
Could the bounce off the support area see a return to 1.44500? Might be worth keeping an eye on
As already mentioned in a number of shared posts, the USDCAD could generate 50 to 130 pips short. I'm watching to see if there's a bit of a pullback first.
This cypher pattern was drawn a little early, after the 'C' candle had formed, I thought it looked possible to make the pattern. I rode this up from 'C' level retracement to the 0.382 point and took profits. I'm now back in long and hoping it completes the journey to point 'D" ( or therabouts) For anyone wishing to trade this - please note, This is my first...
Continuing to the upside after a period of consolidation
Higher lows constricting aginst some resistance. A break through 1.5150 could see 1.53500