AUDCAD Setups

See callout bubbles. Here are two possible setups for this pair. Let's see if we can join the current short-term uptrend, or possibly wait to go short up at resistance.

Always measure your risk and be okay with being wrong ; )

Kommentar:

So far looking like we might not meet Long entry below price. There is an area above, but I'm skeptical, so probably won't take it. I do still expect sellers in the highlighted area above current price though. Maybe we'll see a pause or some sideways movement at that price level...

Kommentar:

It looks like sellers are showing their teeth a little sooner than expected in this pair. I found a decent area to jump in long on the 6h chart. See new Idea published.