AUDCAD : Rectangular range formation - Breakout soon ?AUDCAD is ranging for past 24hours in hourly timeframe, so I expect a breakout out of this rectangle. We can enter the breakout direction once we have valid confirmation. Keep this AUDCAD in your radar and watch closely, enter on the breakout with stops.
Happy Trading !
Audcad1hr
AUDCAD beautiful setup, 2 optionsHERE IS A LITTLE AMBIGUITY, TWO BEAUTIFUL SET UP, BUT I'M NOT SURE WHICH, BUT TO BE ON THE SAFE SIDE, I'D TAKE THE STRUCTURE TRADE ABOVE . AGGRESSIVE AND GO FOR THE PATTERN. WHAT DO YOU THINK?
I SEE A SCENARIO WHERE BOTH CAN OCCUR, WITH A 38.2 RETRACE OF THE PATTERN AND HEAD TOWARDS THE WALL AT THE TOP.
WHATS YOUR OPINION?