AUDCAD - Inside bar / fake-out pattern off of near term support

Name: AUDCAD - Inside bar / fake-out pattern off of near term support
Uploaded: 2018-06-21T20:18:09.190433
Channel: krugman25
Description: An inside bar has formed off of a near term support level. Price is consolidating in the long term but in the short term there is some price bullishness. This pattern formed after a small pullback and could set us up for the next leg higher. As soon as price breaks out of the mother candle I will begin moving my mental stop up at logical points and ride this as high as it will allow us to go.

Long

Australian Dollar/Canadian Dollar (FX:AUDCAD)

FX:AUDCAD Australian Dollar/Canadian Dollar

Trend Analysis Candlestick Analysis Support and Resistance AUDCAD aud CAD Forex fx priceaction ranging

trendanalysis candlestick supportandresistance audcad aud cad forex fx priceaction ranging

An inside bar has formed off of a near term support level. Price is consolidating in the long term but in the short term there is some price bullishness. This pattern formed after a small pullback and could set us up for the next leg higher. As soon as price breaks out of the mother candle I will begin moving my mental stop up at logical points and ride this as high as it will allow us to go.

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