It seems we might have a Head and Shoulders pattern in AUDCAD. Even though, I do not really like to trade this pattern, I suspect that this time it might even work.
Price action is bullish on bigger picture, we broke the downward trendline to the upside and re-tested it. And on top of that, the recent low @ 1.0055 area was formed above previous resistance.
Looks bullish to me.
Price action is bullish on bigger picture, we broke the downward trendline to the upside and re-tested it. And on top of that, the recent low @ 1.0055 area was formed above previous resistance.
Looks bullish to me.