AUCCAD critical area
Updated
Very interesting situation in this chart. We are currently trading inside an ascending channel but below most of the main moving averages and close to the point of control (POC) of this said area.
I would try longs at the support trendline of the channel with a tight SL with a TP on the 1.024ish area.
If you look the chart on the weekly timeframe you will see that we are just leaving the second lowest lows in a decade and it seems that the CAD will keep climbing against the AUD
I would try longs at the support trendline of the channel with a tight SL with a TP on the 1.024ish area.
If you look the chart on the weekly timeframe you will see that we are just leaving the second lowest lows in a decade and it seems that the CAD will keep climbing against the AUD
Trade active
This call start looking good at the moment. Respecting the channel and bouncing to test EMA 20. Currently above EMA 10 and 200, trading in between EMA ribbon.
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