AUDCAD 30m Analysis
Updated
The 0.9390 (roughly 0.9400) proved to be a turning point and now I'll be waiting for the fall of AUDCAD
The 50 SMA has turned into a dynamic resistance
Price is approaching the dynamic resistance and the 50% retracement (minimum required for it to be consiered a correction)
Overall, it looks like a distribution phase ready for markdown
The 50 SMA has turned into a dynamic resistance
Price is approaching the dynamic resistance and the 50% retracement (minimum required for it to be consiered a correction)
Overall, it looks like a distribution phase ready for markdown
Note
Full analysis:
Trade closed: target reached
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