Australia vs. Canada

In this pair, we do have a bullish sequence, wich gives us a nice reentry right now.

As you can see with that long consolidation going on, price wants to move up, but needs to trigger some short orders first. The big ones, want you to believe that the price will fall. I highly doubt that.

The plan is, that price will move all the way up to point C. Lets see how this plays out.

In case you have any questions, drop me a line ;-)

Just so you guys know, this is not an Elliot Wave thing, I only use the tool to visualize the plan.

Trade closed: stop reached:

This one did not work out, but at least it was over quick ;-)