AEFX786

Go Long on AUDCAD Longterm Based on 1H, 4H + 1D Charts

Long
FX:AUDCAD   Australian Dollar/Canadian Dollar
Sorry this is one I forgot to add in this morning, I've already entered on AUDCAD but there is an opportunity arising to jump in soon.
30M has completed a Bullish Golden Crossover (EMA50 Above EMA200) and we are seeing the 1H chart is now preparing to cross over.
Price broke out of the short term bearish downtrend above the trend line and heading towards first TP @ 1.01018.

Looks like price will pull back to a previous support and I'm hoping for a bounce from around 1.00668 making a good entry for anyone looking to jump in on this trade.

Have moved Stop Loss up to now 1.00094

This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.

Please comment below and Like if you agree with my analysis.
Trade active: I entered @ 1.00612 GL to all entering on a pullback
Comment: 1st Target Hit + Closed above resistance. Let's see if we can keep going!
Trade closed manually: Awesome Trade!! Smashed both targets + Beyond !! :)
Trade closed: target reached
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Comments

The EMA50 has just crossed above the EMA200 on the 1H chart for us... the upside prevails :)
Reply
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