cadaud bullish
On the cad/aud, price seems to have retested previous support while also being in an uptrend.
Diving into the 4hr chart, I see price has created a falling wedge.
There are two options on entry:
1) either wait for price to retest support zone to enter.
2) Wait for price to break out of falling wedge, break resistance zone than retest it as support (grey).
Diving into the 4hr chart, I see price has created a falling wedge.
There are two options on entry:
1) either wait for price to retest support zone to enter.
2) Wait for price to break out of falling wedge, break resistance zone than retest it as support (grey).
price did what is was meant to and retested new support zone so I am hoping price drives higher.