Profile volume and overal trend analysis
Point of control, of volume profile, of yesterdays session is at about 0.909 level. It was establisch after a drop from level of 0.912 which indicates strong sellers in that area. The AUDCAD is also in long term down trend that started 5 months ago. This pullback from this down trend ( seen on h4 ) is longest one reaching 240 pips. If the level 0.914 was peak, we can expect 200 - 250 pip fall.
Tp -200 pips, Sl -50 pips
Good luck ;)
Tp -200 pips, Sl -50 pips
Good luck ;)