Simple_Renko

AUDCAD Setups

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OANDA:AUDCAD   Dolar Australia/Dolar Kanada
See callout bubbles. Here are two possible setups for this pair. Let's see if we can join the current short-term uptrend, or possibly wait to go short up at resistance.

Always measure your risk and be okay with being wrong ; )
Komen:
So far looking like we might not meet Long entry below price. There is an area above, but I'm skeptical, so probably won't take it. I do still expect sellers in the highlighted area above current price though. Maybe we'll see a pause or some sideways movement at that price level...
Komen:
It looks like sellers are showing their teeth a little sooner than expected in this pair. I found a decent area to jump in long on the 6h chart. See new Idea published.

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