AUDCAD -- can you reverse, please?

Having reached a key level, AC is expected to accumulate long positions for another run towards a Higher High. After a long accumulation we finally see a rally after the Spring. All we need now is multiple levels to be broken to the upside. I have indicated the most probable reversal zone. Worth keeping on your watch list especially for swing traders. GL

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Price hasn't broken out of the accumulation range so this may well not play out. Just wait for that break above 0.93730

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Price broke the said level and should start retracing to our point of interest

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Sniper entry! We are in

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Sorry guys, this has dropped to our entry zone. My bias is still bullish however price is having a difficulty climbing up. It has generated lots of buy-side liquidity so hopefully it will attract the move north.

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What a rollercoaster of day it’s been for AUDCAD. Nevertheless, we’re going up! I’ve moved my SL to BE, hopefully they will not be revisiting the demand zone. GL

fxsurgeon1

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fxsurgeon1