AUDCAD IN VIEW! | WEEKLY CHART

This is follow-up speculation on the previous publication on the pair where we are currently enjoying a 184 pips profit run (see link below).
In this regard, see my expectations from a long term perspective as follows;

Tendency: Uptrend continuation ( Bullish )
Structure: Harmonic (AB=CD)
Observation: i. Price is presently going through a correction move on the lower time frame in anticipation to break the 0.91500 resistance zone.
ii. The engulfing candle sprouting from the support @ 0.88000 support zone emphasizes a potential uptrend.
Trading Plan: BUY with a potential TP1 and TP2 @ 0.94000 and 0.97000 respectively (700pips) and SL @ 0.88000/0.87000 zone.
Risk/Reward: 1/4.5
Potential Duration: 15 to 22 days

** Please note that Stop Loss is subject to individual risk appetite per trade and account size.



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