VasilyTrader

AUDCAD: Wedge Breakout Trade 🇦🇺🇨🇦

Long
FX:AUDCAD   Australian Dollar/Canadian Dollar

Hey traders,

AUDCAD broke and closed above a resistance line of a falling wedge pattern on 8H chart.
Moreover, the price formed a double bottom with a higher low within the wedge before it broke that.

Now I expect a bullish continuation.

Goals:
0.94
0.944

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Comments

Hi, thnx for the share.
is this analysis still relevant today?
because I have an open buy action and I'm on RED.
Should I wait for a new UP ?
thnx!
Reply
@AmeZou, I also have this trade open. Is it still valid?
Reply
Was that a false breakout?
Reply
It's a good opportunity for BUY!
Thanks
Reply
@Lingrid, you are welcome my friend!
Reply
Will it bounce
what do you think?
Reply