I went long AUDCAD last week, looking for a new high -
But by the looks of it, I'm not sure we will see a new high in this pair. If RSI dont move higher
soon, look for a short entry. Soft target is the 50fib at 1.0480. SL is above the double high at 1.0700.
If this is an A-b-c-correction, then the double top is A-B and C should give us new lows.
But by the looks of it, I'm not sure we will see a new high in this pair. If RSI dont move higher
soon, look for a short entry. Soft target is the 50fib at 1.0480. SL is above the double high at 1.0700.
If this is an A-b-c-correction, then the double top is A-B and C should give us new lows.