AUDCAD, due for a retrace soon

I think the AudCad should be in a retrace soon. Right now I think these are the most important areas of support. So to work this setup I will take the following approach. First I will wait for a solid candle, now take note the long term .3820 is around my 3rd buy zone. I will be watching this area favorably but will pull the trigger on any proper candlestick that I find around any of my buy zones. If need be I will scale my positions, however before jumping to any conclusions I will await to see a proper candlestick and then re assess the situation. If we get a solid break up I see no reason we cannot hit my potential target box, however I would take off positions and put my stops into profit at this time to protect profits.

Kommentar:

Looking pretty good here, will see how we progress to first target

Kommentar:

Bounced off my first target perfectly. Now we have a retest of the broken wedge, I think taking another position and aiming higher is what I will do now. Already taken profit on the first go as it met my TP.