Updated
RDNUSD possible future
RDNUSD and RDNAUD weekly pattern
Note
Just remember:Although it has a very promising weekly trend, it is also has been following a channel, hence this is a very heavy resistance line for RDNUSD that can reverse the trend for a while.
If it get through this point Channel Fibo- 1.6 and 2 are the profit targets and of course the next heaviest resistance ahead.
However, if bullish trend fails, we have to wait until we see the next support lines which could be CF-0.5 or even the bottom of the channel.
Happy trading
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JUST FOR EDUCATIONAL PURPOSE
Note
It made it to first target point. lets wait and see if there would be any reversal , or would it continue to grow and reach the second target.
-Will be updated-
Note
Look at the monthly and weekly movementsWEEKLY
MONTHLY
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.
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.