asferruzzi
Long

AUDCAD uptrend may continue

FX:AUDCAD   Australian Dollar/Canadian Dollar
17 0 0
The trend is your friend. Clear up trend is in place. Price has retraced to the 50% Fibonacci level in conjunction with a recent inside bar indicating that price is undecided. Often when price is indecisive a strong move can follow as either the buyers or sellers take control. My biased is towards an upward move based on the recent uptrend momentum confirmed by higher time frames. Also price has retraced to a previous resistance level . Entry could be placed above the inside bar to confirm the uptrend and target could be placed at the next major resistance area .
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
中国
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out