This looks like it could be a beauty. It has the following factors of confluence
- trade is with the trend
- 2 dojis
- rejection of key resistance area
- rejection of .618 Fib retrace
- deceleration
I haven't been trading AUDCAD for a long time as it has been moving sideways for the past couple of months. I think this is good opportunity to join the AUD sell off.
- trade is with the trend
- 2 dojis
- rejection of key resistance area
- rejection of .618 Fib retrace
- deceleration
I haven't been trading AUDCAD for a long time as it has been moving sideways for the past couple of months. I think this is good opportunity to join the AUD sell off.