AUDCAD is at a key support level. Momentum is also in the upside for the monthly and it has closed the month with a Doji Candlestick after a long bearish movement. Price also broke above previous highs and has retested and rejected the minor support area.
Also another thing to note is that price is forming a Head and Shoulder Pattern on the D1 timeframe. Price is currently at the neckline with the possibility of forming the 2nd shoulder.
We can enter at any reversal patterns and stop loss below the key support area. Take profit can either be either 100pip or 300pip
Also another thing to note is that price is forming a Head and Shoulder Pattern on the D1 timeframe. Price is currently at the neckline with the possibility of forming the 2nd shoulder.
We can enter at any reversal patterns and stop loss below the key support area. Take profit can either be either 100pip or 300pip