It seems that AUDCAD has formed a potential bullish structure:
Wave (1) or (A) is a 5-waves impulse
subsequent Wave (2) or (B) is a 3-waves corrective 'flat' and it has retraced approx. 61.8% of wave (1) or (A) that is also near the end of sub wave 4 of (1) or (A)
If the above assumption is correct, a push above 0.97899 could be an early indication that wave (3) or (C) is under way
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we could count a bullish impulse on 15 mins chart close above 0.97429 would suggest another impulsive rally is under way
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but signal from Guppy-EMA
Trade aktif
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raised my stop to breakeven let's wait for Guppy-EMA's bullish confirmation on 4 hours chart
Trading ditutup: stop tercapai
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no confirmation from Guyyp-EMAs on 4 hours chart, could be more complex wave (2) or (B)
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if the above count is correct, we should see a motive wave(either impulse or diagonal) rising from the recent bottom