Having reached a key level, AC is expected to accumulate long positions for another run towards a Higher High. After a long accumulation we finally see a rally after the Spring. All we need now is multiple levels to be broken to the upside. I have indicated the most probable reversal zone. Worth keeping on your watch list especially for swing traders. GL
הערה:
Price hasn't broken out of the accumulation range so this may well not play out. Just wait for that break above 0.93730
הערה:
Price broke the said level and should start retracing to our point of interest
הערה:
Sniper entry! We are in
הערה:
Sorry guys, this has dropped to our entry zone. My bias is still bullish however price is having a difficulty climbing up. It has generated lots of buy-side liquidity so hopefully it will attract the move north.
הערה:
What a rollercoaster of day it’s been for AUDCAD. Nevertheless, we’re going up! I’ve moved my SL to BE, hopefully they will not be revisiting the demand zone. GL