Long on AUDCAD using Fib and trendlines

FX:AUDCAD   Australian Dollar/Canadian Dollar
Using only technical analysis , found some confluence between daily trendlines and a Fib retracement @ 61.80% on a daily chart . I believe that price may bounce on the middle trendline targeting the upper channel resistance trendline . Stop loss is placed on the Fib @ 50%. Will however be prepared for price to break the middle trendline , and in that case wait for the next setup in the direction of the uptrend that is the bounce of the lower support trendline .
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out