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Confirmationcandle

EGX30 Chart AnalysisEGX30 stock has shifted gradually to a higher zone, reaching the 32,291.751 resistance line, the 32,344.197 resistance line, and the 32,422.866 resistance line, showing the buyers' dominance over the sellers. Additionally, the upward trend is because Egypt's blue-chip index EGX30 closed 0.7% higher, which led to a 1.6% increase in TMGH, which strengthened the fundamental analysis about the CBE's decision about cutting the interest rate and the advanced massive ads and negotiations initiated by TMGH with different aspects.
EGX:EGX30
by RowaynaAhmed
📈 AUDCAD Long Opportunity: Waiting for ConfirmationHello fellow traders, Today, we're keeping a close eye on a potential long opportunity in the FX:AUDCAD currency pair. Let's dive into the analysis: 📈 Upward Trend: The overall trend for this pair is in an upward direction, and it has been moving within an ascending parallel channel. 🛠️ Support Break: However, a noteworthy event has occurred - the support within the parallel channel has been breached. 📉 Lower Lows: Prior to the support break, AUDCAD was forming lower lows, signaling a potential shift. 🤔 Assessing the Situation: Now, there's a support level beneath the ascending channel, creating a possibility for a fakeout before a potential upward move. ❗ Caution: It's essential to acknowledge the risk involved. There's only a limited chance of success as this level has been previously tested. 💡 Wait for Confirmation: We should exercise patience and await a confirmation candle before making a decision. This is a critical step in risk management. 📌 Stay Informed: I'll keep you posted on whether it's a viable entry or not once we have the confirmation candle. Stay tuned! Until we meet again, trade wisely. Thanks & regards, Alpha Trading Station 🌟
Long
by AlphaTradingStation
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