AUDCAD LONG trade setup on 4h timeframe
AUDCAD is forming a promising setup on daily TF, with respect of the uptrend.
Market made a nice pullback from uptrend support line and FIBO. Although break and respect of 4H 50 EMA
required to be sure of further move up. Would advise to enter long on 4h decisive break of 50EMA.
Market made a nice pullback from uptrend support line and FIBO. Although break and respect of 4H 50 EMA
required to be sure of further move up. Would advise to enter long on 4h decisive break of 50EMA.
Comment:
The price did not manage to settle above 50EMA. Setup is invalid now
