AUDCAD 2 possibilities
Scenario 1: Price seems to be rejecting the 61.8 fib. I would wait on the break of the counter trend line and support + a retest to enter a short.
Scenario 2: If price keeps pushing and breaks the daily descending trend line, I would wait on a retest of the ascending trend line and enter a buy.
Patience is key. Set alarms and wait
Scenario 2: If price keeps pushing and breaks the daily descending trend line, I would wait on a retest of the ascending trend line and enter a buy.
Patience is key. Set alarms and wait
Note
Daily view
Note
Sell stop placed. Lets see a break. AUD is respecting weekly channel and is weakening.
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