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The AUDCAD is in an Up trend showing a Bullish Flag

Long
Australian Dollar/Canadian Dollar (OANDA:AUDCAD)  
aakalu  
OANDA:AUDCAD   Australian Dollar/Canadian Dollar
Trend Analysis Harmonic Patterns Chart Patterns
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trendanalysis harmonicpatterns chartpattern
The AUDCAD is presently in an upward trend and displaying a Bullish Flag formation. In this scenario, we might consider opening a long position (Buy Stop) as the price breaks out from the upper boundary of the bullish flag pattern.
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