AUDCAD - Ascending Triangle with two-sided possibility
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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