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Australian Dollar/Canadian Dollar
Long

AUDCAD Bullish Wedge (Perfect buy setup!)

By JoshFX1
Updated
AudCad is forming a classical bullish wedge on the daily time frame. Besides that its also about the bounce of the lower range. At this stage AudCad looks like a beautifull buy opportunity. When looking at other Cad pairs you can still see that the Cad is a weak currency. Judging by this setup AudCad will soon follow the other cad pairs.

Take profit: 1.0289 > 1.0331
Stop-loss: 1.0010
Trade active
1st position started.
Take a 2nd buy position when the upper range gets broken (around 1.0120
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