Awaiting retracement to 1.8850 to short will be looking to enter long around 1.86350
Short Limit orders: 1.8850
Will look to long GBPAUD 1.86350 on rejection at Bullish Trendline from Weekly chart.
Expecting CAD to gain strength the remainder of this month. Rejecting breaking into downtrend on the lower time frames. Look for Rejection at .9035 to confirm downtrend reversal.
First TP 35 pips .900
TP2 55 pips .8980
TP 3 70 pips .8965
Cad has been one of the stronger currencies this year so far. Looking for break out and retest.
Cup and Handle pattern as well on the 2 and 4 hour. use the yellow lines as guides to TP .
safer entry on the break out and retest
Alot of rejection to the upside.
Bears gaining control will need some bullish momentum to reverse
Top of a bullish flag continuation
Will need to see more wick rejections to the upside
Wait for the break out from the structure