AUDCAD- Long idea (Wait on 4H close)
We can see that price broke out of this descending TL, changing trends, confirmed with the higher highs and higher lows, we are also testing the 50EMA as support and the 61.8 fib level. For a confirmed entry I will be looking for a long wick candlestick
We can see that price broke out of this descending TL, changing trends, confirmed with the higher highs and higher lows, we are also testing the 50EMA as support and the 61.8 fib level. For a confirmed entry I will be looking for a long wick candlestick