We are anticipating another sell from an AUD pair.. once price has broken this level we can sell all the way to the green area
Price has tested this level a few times and been rejected but i believe next week we will see a break and we can start a sell
AUDCAD - SELL
SL - 0.93810
TP - 0.91564
AUDCAD is caught in a flag formation and will probably zig-zag sideways for a while before it breaks free. There's considerable resistance above so I'm only looking for a SHORT trade where a move down to .890 200 sma on D1 and WS1 support looks likely. One to watch.
I am trading a small account, and documenting my progress. This is not intended to be a signal!
Wedge Structure on 1D
4H Ascending channel - Expecting retest of minor support before push to the upside eventually targeting at our daily fib level
Buy Limit - 0.94500
SL - 0.93930
TP - 0.96438