Are you looking for long opportunities on the AUDCAD?
Good… because me too. I like the way it is trading on the long term charts, being rejected consistently from the same S&R levels. Earlier today the rejection from the bottom of the range was confirmed; it triggered a bullish market condition, therefore I’ll be looking for long opportunities on the AUDCAD:
As long as the AUDCAD trades above 1.0215 I’ll keep looking for long opportunities. If I take a long trade I’ll set my take profit order below the next LT resistance level of 1.0536
All short opportunities will be ignored.
Tags: AUDCAD analysis
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