AUDCAD made a bottom and is targeting the 1D MA200. Long

AUSTRALIAN DOLLAR / CANADIAN DOLLARICE

Description

⋅ Feb 1, 2022 7:26 PM

Pattern: Bearish Megaphone on the 1D time-frame.

Signal: Buy as the price hit the bottom (Lower Lows trend-line) of the Megaphone while the 1D MACD is about to print a Bullish Cross, which since August has signaled a rise.

Target: The 1D MA200 with a rough projection at 0.9200.

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Comments

Solldy

⋅ Feb 2, 2022 1:43 PM

Perfect analysis, well done mate

VasilyTrader

⋅ Feb 1, 2022 8:14 PM

Thank you for the detailed review