AUDCAD Analysis:
AUDCAD is rebounding from the lower low level of the major downtrend line in the daily timeframe chart.
AUDCAD has broken the top level of the Descending channel in the 4-hour timeframe chart.
After the confirmation of the Upward movement, AUDCAD Buy signal given.
But AUDCAD hover around the entry price range and start to make a ranging movement between the entry price levels for a long time.
The market moving up and down between the entry price ranges more than 2 days.
As per signal following rules, due to lack of movement, the AUDCAD signal has closed at an entry price level.
For new users: Please note that: AUDCAD signal has been closed at entry price level due to lack of movement and the 2 days protection rule. Keep following our signals as per the signal rules given to you under each signal message : forexgdp.com/follow
If you know our signal rules, please take this signal quiz test here: forexgdp.com/follow/#quiz
Please be patience and wait for the next good opportunity signal. We always want you to trade safely at all market conditions.
Don’t trade all the time, trade forex only at the confirmed trade setups.
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