HELLO TRADERS, THIS IS A TRADE IDEA BASED ON TECHNICAL ANALYSIS FOR THOSE WHO DON’T MIND TRADING COMMODITY PAIRS.

AUDCAD H4

PRICE OPENED UP AT WM2 AT THE START OF THE WEEK. BULLS TRADED THIS PAIR ALL THE WAY TO WR3 WHICH COINCIDES WITH MM2. AFTER PRINTING THE HIGHER HIGH AND PULLING BACK, PRICE IS CURRENTLY PRINTING THE HIGHER LOW AT SUPPORT INDICATED BY THE GREEN BAR. STOCHASTICS IS HEADING SOUTH. 21 EMA HAS CROSSED ABOVE THE 55 EMA AND PRICE IS CURRENTLY IN THE FIB ZONE. BULLS WILL LOOK TO BUY THE DIP.

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