Potential breakout and breakout and re-test trades
Watching for Breakout
AUDCAD has made a huge rebound higher before making a sideways move in more recent times.
As the daily chart shows ; in recent sessions price has consolidated and moved into a box pattern.
If we can see this box breakout inline with the previous momentum higher it could see the next leg higher continue.
This could also pave the way for potential breakout and breakout and re-test trades.
AUDCAD has made a huge rebound higher before making a sideways move in more recent times.
As the daily chart shows ; in recent sessions price has consolidated and moved into a box pattern.
If we can see this box breakout inline with the previous momentum higher it could see the next leg higher continue.
This could also pave the way for potential breakout and breakout and re-test trades.
Anmerkung
Anmerkung
3 minutes agoLast week we were watching for a breakout higher.
Whilst price did roll out higher, there was very minimal follow through and no explosion that may have been expected.
The resistance level that price has just broken through will be an interesting watch this week. With such a little breakout it will be key to see if this level holds as a new support or if price just folds up and rolls back into the box area.
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.