AUDCAD Trend Continuation
Having earned a good few pips out of this market recently, we are seeing another push up into previous structure resistance which should now become support.
We also have a 382 retracement from the previous consolidation level and a 618 retracement from the previous structure high.
Looking left at the previous support level, we can see that it held well after being tested 7 times so this should not provide decent resistance.
Better than a one to one if you are looking for targets at previous structure lows.
True trend continuation traders looking for the extended move? well now is a great time to enter.
Good luck in the markets.
We also have a 382 retracement from the previous consolidation level and a 618 retracement from the previous structure high.
Looking left at the previous support level, we can see that it held well after being tested 7 times so this should not provide decent resistance.
Better than a one to one if you are looking for targets at previous structure lows.
True trend continuation traders looking for the extended move? well now is a great time to enter.
Good luck in the markets.