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
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