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AntsAnalysis

AUDCAD Buy bias

Panjang
Dolar Australia/Dolar Kanada (FX:AUDCAD)  
AntsAnalysis  
FX:AUDCAD   Dolar Australia/Dolar Kanada
Support and Resistance Supply and Demand Trend Lines
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supportandresistance supplyanddemand trendline
AUDCAD has moved as expected and has now retested previous resistance (being the neckline of the head and shoulders) and used it as support

We didnt look to buy right off the retest of support as price was moving very bearish however now we have formed a smaller inverse head and shoulders

The right shoulder is also a bearish correction which came off the back of a bullish impulsive move
Penafian

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