$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.
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> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: tradeciety.com/webinar/
> Free blog: tradeciety.com/blog
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