AUDCAD-bouncing from a consolidation area
After a long term consolidation process this pair seems to have finished an WXY corrective structure.
Last structure was a triangle/wedge that was broken to the upside.
Now the price is making a pullback to continue to the upside, a good chance to enter long.
The sky-blue structure below could act as a good support zone for our SL.
Best regards.
Last structure was a triangle/wedge that was broken to the upside.
Now the price is making a pullback to continue to the upside, a good chance to enter long.
The sky-blue structure below could act as a good support zone for our SL.
Best regards.