Currency Pair: AUDCAD
Frequency: 4H
Predicted Direction:
1. Long Possibility: Formed a bullish ascending triangle and it broke the downtrend lines (white). Once the price surged up above the resistance then the pattern is confirmed.
Enter = 1.00472
Stop Loss = 0.99874
Target 1 = 1.01278
Target 2 = 1.01289
2. Short Possibility: If the support of the lower ascending trendline broken, then the price will follow the previous downtrend channel.
Enter = 0.99359
Stop Loss = 0.99610
Target 1 = 0.98630
Frequency: 4H
Predicted Direction:
1. Long Possibility: Formed a bullish ascending triangle and it broke the downtrend lines (white). Once the price surged up above the resistance then the pattern is confirmed.
Enter = 1.00472
Stop Loss = 0.99874
Target 1 = 1.01278
Target 2 = 1.01289
2. Short Possibility: If the support of the lower ascending trendline broken, then the price will follow the previous downtrend channel.
Enter = 0.99359
Stop Loss = 0.99610
Target 1 = 0.98630
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.