Home Candlestick Buy Signal at Range Support – AUDCAD Daily
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Candlestick Buy Signal at Range Support – AUDCAD Daily

audcad bullish rejection

The AUDCAD just finished completing another cycle of the daily range here as bears pushed price from the range resistance to the range support.

The market has given some clear price action that the support wants to hold and the bulls are picking up control again.

Last session a strong bullish rejection candle formed with a positive close in the body. The day prior to that also showed similar price action.

We could see these setups drive price back up to the range top.

Dale Woods

Dale Woods

The Forex Guy is an educational Forex trading blog run by Dale Woods who has been a passionate retail Forex trader for over 6 years. Dale trades the Forex market exclusively with price action based methodologies, believing price action trading to be one of the powerful approaches used the market today, and really is the core foundation of any good trading system. Dale also strongly believes in keeping charts clean and keeping things simple, logical and uncomplicated. By making trading decisions straight off the raw price action data, you can ‘bypass’ unnecessary variables like exotic indicators, trading robots or magical pivot levels. Dale enforces the idea that there is hardly any edge trading news and economic data releases and much prefers to make trading decisions straight from the candlestick themselves. ‘The Forex Guy’ is dedicated to providing knowledge to serious and passionate traders who want to learn the art of price action trading, positive geared money management and how to psychologically condition themselves to become a professional trader.