$AUDCAD - Head and Shoulders about to form
Right now, AUDCAD is trading in a no-trade zone which means that price is in a transition phase where the next phase is unknown.
A bounce off the 1.015 could lead to another run into the highs.
A break lower, however, could trigger a short trade here.
Gold has already led the way lower but AUDCAD still managed to hold up here which is also something that means caution.
A bounce off the 1.015 could lead to another run into the highs.
A break lower, however, could trigger a short trade here.
Gold has already led the way lower but AUDCAD still managed to hold up here which is also something that means caution.
I have been trading for 15 years!
> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
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> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: tradeciety.com/webinar/
> Free blog: tradeciety.com/blog
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
I have been trading for 15 years!
> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: tradeciety.com/webinar/
> Free blog: tradeciety.com/blog
> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: tradeciety.com/webinar/
> Free blog: tradeciety.com/blog
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.