SurFXing

AUD/CAD out of a symmetrical triangle

Long
FOREXCOM:AUDCAD   Australian Dollar/Canadian Dollar
Hi Traders!

Symmetrical triangles are always unknown to me. Price can go either way. Hier it looks like that she has decided to break out and is going north. The price might encounter some obstacles at area 0.989, but my thought is that it will finally go higher around 0.9945.

Cheers
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.