AUDCAD is consolidating in a ZONE - 60% chance of bullish break
Currently, we are having our 50 SMA, 20 SMA and 10 SMA indicating a sell. However, from price action strategies such as the 1-2-3 pattern or A-B-C pattern, we are currently experiencing a little pull-back... More like a break after the previous strong bullish trend. It is advisable to let the candles playout and break the zone either upward or downward before placing an entry. Though, my money is on a bullish break-through.
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Disclaimer
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.