usera9
Long

Small Box Range candidate

FX:AUDCAD   Australian Dollar/Canadian Dollar
68 0 1
PRO
+ bullish pattern that confirms possible trading range trade
+ unable to close under supp
+ stoch in oversold
+ hints low boll band
+ sma50 acting as supp

CONS
-long term diagonal lines may act as res (take care about possible bear pattern formations)
-R.R no more than 2:1
-possible H&S in formation
-may continue down till 38 fib level (round number there?)
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