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Possible retracement and break of the trend
AUDUSD
, 1D
Short
AUDUSD: Possible retracement and break of the trend

We can see that the AUDUSD broke the downtrend last months and went up. The today's candle shows a possible pullback in the trend. According to the fib tool and if it respect it past trendline we can expect a pullback and after that a nice move up towards the next support level.

Possible pullback on the daily AUDUSD
AUDUSD
, 1D
Long
AUDUSD: Possible pullback on the daily AUDUSD

Last days we saw a break of the downtrend and possible trend reversal, Waiting for a confirmation

Short
USDCAD
, 1D
Short
USDCAD: Short

If you are are looking at the past, the market made some nice similar moves. I've simulated what might happen.

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