AUDCAD BULLISH REVERSAL

20 lug 2022

Price made a bullish impulse from 0.888300.00 to 0.89300.00 breaking resistance now turned support at 0.88800.00. On the retest of the broken structure which is in confluence with the 50% of the fib taken on the impulse, price formed an inverse head and shoulders pattern which further supports the bullish bias. From here scaling down to the smaller TF will be best to get a good risk to reward with TP at 0.89600.00.