AUDCAD is near completion of the bullish bat pattern and close to the potential reversal zone. It is a pair that could provide a valid opportunity this week so it is important to keep an eye on it and monitor price action. As explained before, it is important to wait for price to confirm the level and provide us with rejection candles around the area before entering a trade. Good luck and remember, patience is key.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.