This is a swing long set up for AUSIE. Use proper risk management
Long set up on I hour timeframe after we experienced strength in Cad yesterday
Waiting for market open and see how it will typically play out
We expect a continuation of a downtrend as marked up by ghost candles and a correction for an uptrend.. A movement of around 367 pips
Prices on all time frames shows overbought volumes as indicated on individual rsi
following continous streams of buyson GBPJPY a correction which tend to occurr to create sell opportunity accross all time frames
Eurgbp is oversold on daily candle chart as shown on the rsi