AUDxxx pairs have been hauling ever since 2017 started, AUDCAD being one of them.
Yes, there are a lot of circles. They each either highlight the 1.0155 resistance, or 1.0098 resistance.
So, price reached 1.0155 most recently, had a bearish reaction, then broke 1.0098, then broke the support trendline.
The nest major support below price is at 0.9857 so my target is slightly above that, and my stop loss is slightly above next major resistance.
Yes, there are a lot of circles. They each either highlight the 1.0155 resistance, or 1.0098 resistance.
So, price reached 1.0155 most recently, had a bearish reaction, then broke 1.0098, then broke the support trendline.
The nest major support below price is at 0.9857 so my target is slightly above that, and my stop loss is slightly above next major resistance.