AUDCAD - Long with TWO confirmations
Updated
Getting ready to buy AUDCAD. Market structure shifted bullish PLUS an inverted Head and Shoulder.
What confirms the idea in my head is the dip below the support level, indicating institutional stop hunting before going long.
All this after being fairly bearish yesterday. Just goes to show how fluid the market is and how flexible we have to be in our approach!
Let me know what you think in the comments below!
What confirms the idea in my head is the dip below the support level, indicating institutional stop hunting before going long.
All this after being fairly bearish yesterday. Just goes to show how fluid the market is and how flexible we have to be in our approach!
Let me know what you think in the comments below!
Note
Stop loss break-even. Congrats to everyone who caught it! My broker didn't execute unfortunately ...
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