setting up for a retest, further drop to bring Cad closer to USD
AU seems to have broken and closed above a daily consolidation zone should now continue with bullish momentum, rising back up to the supply zone up top... potential of 1:4 rr, 1:11 rr OR if it breaks through the resistance this time, potential of 1:20+R:R
GU ... We have now hit a strong hourly, daily, weekly, and monthly zone… Waiting to see if this daily will close bearisg… But this is a potential set up for next week potential R:R of 1:4 or even 1:7 this is the 4th visit to this daily/weekly resistance, so it could potentially break through and invalidate this... OR if it can't break, it may have to dig deeper to...