yesterday we took profit of our last AUDCAD trade that brought in more than 150 pips (see attachment). Now i changed my mind about this pair being the recent movements price has made. As you can see on the left hand side of your screen on the price is testing a daily structure level that acted as support. Being the case, we expect to see some difficulty breaking through. In the lower timeframe (4H-right hand side) price's put an candle with OVERSOLD, right at that level which happens to be also a psychological number.
With all those conditions met i think this could be a good opportunity to buy the market hoping for a retest of the higs at 1,070.
If you have any question, feel free to write below.
Otherwise, see you in the next chart!
Se ti piace il mio stile e vuoi supportarmi, clicca il pollice in sù. Grazie!
My last videoanalysis here: https://youtu.be/86S8KH3EXP0