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AUDCAD - Time for Longs, this is the story!

Reading the chart:

  1. We have hit a major Fib of 61.8 coming from the Weekly Chart

  2. Nice Wyckoff Spring = 40 pips false break

  3. Largest up volume wave since January 2021

  4. Small Down waves with smaller pip moves (Hard to move down)

  5. More Buyers today (no previous high selling volume waves)

  6. A Plutus Reversal Long pattern of only one bar, but with this background I will take the long. We have just broken the Supply Line , so if no significant sellers show up we are heading up.



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