Potential breakout and breakout and re-test trades
Watching for Breakout
AUDCAD has made a huge rebound higher before making a sideways move in more recent times.
As the daily chart shows ; in recent sessions price has consolidated and moved into a box pattern.
If we can see this box breakout inline with the previous momentum higher it could see the next leg higher continue.
This could also pave the way for potential breakout and breakout and re-test trades.
AUDCAD has made a huge rebound higher before making a sideways move in more recent times.
As the daily chart shows ; in recent sessions price has consolidated and moved into a box pattern.
If we can see this box breakout inline with the previous momentum higher it could see the next leg higher continue.
This could also pave the way for potential breakout and breakout and re-test trades.
Nota
Nota
3 minutes agoLast week we were watching for a breakout higher.
Whilst price did roll out higher, there was very minimal follow through and no explosion that may have been expected.
The resistance level that price has just broken through will be an interesting watch this week. With such a little breakout it will be key to see if this level holds as a new support or if price just folds up and rolls back into the box area.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.