AUDCAD LONG TERM FLYER!!!
WEEKLY ANALYSIS:- We have an Up-Trend in the Weekly chart, and we want to buy every pullback.
We have now seen a Bullish engulfing Weekly candle at the structure 0.94102. This price point also corresponds to the ascending trend line support. We don't need much more invitation than this because the move to this point is actually discounting the initial move that created the structure 0.94102.
THE CALL: LONG WITH POTENTIAL TO ADD MORE
DAILY ANALYSIS:- Price have stalled on the structural point 0.94102, a nice price action followed swiftly with clear indication of gift failure to the downside.
We have also seen a day of positive close above both the 14 and 20 SMA which is a strong indication of a bullish run is coming into the pair.
THE CALL: LONG WITH STOP PLACED BELOW 0.9390
We have now seen a Bullish engulfing Weekly candle at the structure 0.94102. This price point also corresponds to the ascending trend line support. We don't need much more invitation than this because the move to this point is actually discounting the initial move that created the structure 0.94102.
THE CALL: LONG WITH POTENTIAL TO ADD MORE
DAILY ANALYSIS:- Price have stalled on the structural point 0.94102, a nice price action followed swiftly with clear indication of gift failure to the downside.
We have also seen a day of positive close above both the 14 and 20 SMA which is a strong indication of a bullish run is coming into the pair.
THE CALL: LONG WITH STOP PLACED BELOW 0.9390
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