AUDCAD - Long
Hello Traders
AUDCAD is showing a potential to the upside but keep in mind that CAD is very strong at the moment because of OIL price that keeps increasing so be carful on this
so why I see upside coming is that on daily price is showing double bottom
but not yet conformed because the daily candle close bearish so its best to wait for Monday close
if we get a bin bar and on lower timeframe price push up and make a bull flag/correction
I'll be happy to place an order for buy but first lets wait and see how Monday close.
AUDCAD is showing a potential to the upside but keep in mind that CAD is very strong at the moment because of OIL price that keeps increasing so be carful on this
so why I see upside coming is that on daily price is showing double bottom
but not yet conformed because the daily candle close bearish so its best to wait for Monday close
if we get a bin bar and on lower timeframe price push up and make a bull flag/correction
I'll be happy to place an order for buy but first lets wait and see how Monday close.
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