AUD/CAD reversal

19 mag 2018

Been waiting for this set up for some time since I missed the bearishness of it going down. Bull time now. This currency pair looks like its made an inverted head and shoulder on the daily with higher high. On a weekly chart it's a hammer and waiting for a big bull run up to confirm. Currently the top can be a right bow since that is a middle ground for the last few times it's reached there on a daily. But on a weekly chart it looks like a consolidating wedge building up for a breakout. Highest its ever been was in the 1.07 range back in 2012 and 2013. But now I'm only focused on the 1.01 range for keeps.