*** Just Watching: AUDCAD seems to approach a key RESISTANCE
I am just watching right now since this chart grabbed my attention.
For weeks it has made a massive rally with little to no retracement. Ergo, I anticipate a correction to come but when?
Therefore, i wanna see some kind of bearish pin bar or at least a daily sell off or something to give me a bit more confidence since this pair has a CAD in it which means oil will be a factor here too.
I am always careful when dealing with any pair of currency that has CAD in it.
However, when the time comes, the reward will be big.
KEEP WATCHING!
For weeks it has made a massive rally with little to no retracement. Ergo, I anticipate a correction to come but when?
Therefore, i wanna see some kind of bearish pin bar or at least a daily sell off or something to give me a bit more confidence since this pair has a CAD in it which means oil will be a factor here too.
I am always careful when dealing with any pair of currency that has CAD in it.
However, when the time comes, the reward will be big.
KEEP WATCHING!
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