FX:AUDCAD   Австралийский доллар / Канадский доллар
Although I prefer trading the shorter time frames like 1d, 4h, and 1h - it always helps to know the overall situation.

AUDCAD has been ranging between 1.0350 and 0.9170 for many years now on the weekly chart, and on the time frames I just mentioned, this provides opportunities to trade the trend up and down to and from the zones above.

So I mapped out the most likely price movements based on what has happened in the past.

Notice that most recently, price has formed a low, high, HL, HH, HL, and is now possibly forming a HH. (beginning at the first vert. line)

From here, I think AUDCAD will rise to 1.0340. If price failed to make another HL and instead print a bearish weekly candle at the 1.0350 zone, we will see price head to parity 1.0000, and then possibly lower.

Learn to read the markets and you will be successful.
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