This could be a major reversal point here based on past price action. We have tested this level and bounced off multiple times previously. For this to be a reversal we need some kind of pattern around this level.
Break of market structure expecting buyers to now come into the market. good risk to reward aswell.
In correlation AUDCHF is also in a bullish uptrend so we are expecting more bullishness/ strength from the AUD.
Price is reacting well so far on the 61.8 fib with a morning star formation on the 1 hr.
Expecting GBP strength which will push this a lot higher. we are still creating higher highs and higher lows and we have matched the last higher low. As soon as we are 30 pips in profit move stoploss to breakeven
EURCAD SELL INSTANT EXECUTION. PRICE HAS REVERSED FROM A DOUBLE TOP AND WE ARE NOW LOOKING FOR TARGETS AT A NEW DEMAND ZONE. TO CONFIRM THE DOWNTREND THEIR IS A BIG BEARISH POWER CANDLE COMING FOR A HEAVY SUPPLY ZONE.
NICE STRAIGHT FORWARD MOVE. PUT SL IN PROFIT AFTER 25 PIPS