AUDCAD Bullish Wedge (Perfect buy setup!)

AudCad is forming a classical bullish wedge on the daily time frame. Besides that its also about the bounce of the lower range. At this stage AudCad looks like a beautifull buy opportunity. When looking at other Cad pairs you can still see that the Cad is a weak currency. Judging by this setup AudCad will soon follow the other cad pairs.

Take profit: 1.0289 > 1.0331
Stop-loss: 1.0010

Trade ist aktiv:

1st position started.
Take a 2nd buy position when the upper range gets broken (around 1.0120