Similar to the USDJPY i published recently the AUDCAD broke a major resistance area. This indicate's that the price can move higher to a next potential reversal area (drawn at the chart). After the breakout i predict that the price could move higher to that zone.
This cypher pattern could be a reason for me to get long with the trend.
SL: 0,99734 T: 1,01369
Have a great weekend ;)
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Cypher completed, lets wait for a valid HHHC to enter
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Price gave us an HHHC but an inverse RR. Let's wait for another signal to get involved.
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Looks like the price is moving without our entry signal. although i dind't had a change to get involved. I always like this to see because it give's me always some confidence in my trading ;)