AUDCAD correction hits 61.8 and trendline
I predict a good chance of a reversal here. The correction has retraced 61.8% of the last impulse, which also converges with the upper daily trend. An hourly close above the green trendline invalidates this idea.
Trade ist aktiv:
Price broke higher than I expected so I have waited. A flag has formed on the 1H chart and it has just broken. Short opened at 9970.
Trade geschlossen: Stop wurde erreicht