Get started
alwaysmile4u

AUDCAD 4h long four scenarios

Long
Australian Dollar/Canadian Dollar (FX:AUDCAD)  
alwaysmile4u Updated   
FX:AUDCAD   Australian Dollar/Canadian Dollar
Trend Analysis Head and Shoulders Support and Resistance breakout
3
0
trendanalysis headandshoulders supportandresistance breakout
It is below the 4h channel bottom line and trying to break out(A) the current trend. There are four different scenarios before it fully conforms the bull pattern(HH/HL).
Comment:
So far B4 is the choice of the market. Here is the next 3 scenarios.
snapshot
Comment:
C2 was the choice of the market. Now it is ready to break out the flag. In the flag, hope the market gets enough nutrition to go for a long run.
snapshot
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.