Yes! You got it right about Audcad, Follow the chart for setup
The overall aspect of this structure looks like a megaphone. We could say, there is a horizontal bottom formation. The formation already touched two minor highs and two minor lows. The volume of the formation, which is almost a "U" shape supports the idea.
1) A premature pullback can happen to the level of 0.618 for a very short-term buy
2) If it breaks the horizontal trendline downwards, then wait for a pullback, flag or such short-term formation to continue selling.
3) I will update the chart day-by-day, if possible
Follow the chart and never forget to click the like button.
Trade with care and you are responsible for your trading.
Thank you.
1) A premature pullback can happen to the level of 0.618 for a very short-term buy
2) If it breaks the horizontal trendline downwards, then wait for a pullback, flag or such short-term formation to continue selling.
3) I will update the chart day-by-day, if possible
Follow the chart and never forget to click the like button.
Trade with care and you are responsible for your trading.
Thank you.