At present, the bullish trend in the AUD/CAD currency pair appears to be strong and unrelenting. The market is approaching a supply zone with an inducement, which could potentially provide a good selling opportunity. The presence of gaps in the market supports this possibility. Despite the bullish trend, the I believe that it would be beneficial to wait for a dip...
As per our last AUDCAD post, this pair has been making moves and it will continue to drop. Don't let the train leave you as there are many more pips to catch. Sell when the opportunity comes when price action confirms a downtrend after a retracement.
Trade with care.
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Steady zone lies above if price keeps moving up from where it is currently. Swing high fractal is slap bang in the middle of the 50/61.8% retracement zone. Something is bound to happen here, hopefully it'll meet my rules of engagement.
