(1D) AUDCAD ripe for a long

FX:AUDCAD   Australian Dollar/Canadian Dollar
I see a pull back in an uptrend on the daily, bouncing off a trend line with an aggressive Williams-Vix-Fix (WVF) signal. Aggressive WVF signals tend to fail but are more reliable when in an uptrend.

The Aroons are for the bulls, having originated from a cross at 50.

The overall trend seems strong for the upside at this point. The trend could well fail - as no one can predict the future with the markets.

Stop-losses may have to be some distance below the base of the WVF candle - depending on favoured strategy.

Disclaimer: The information provided herein is opinion only. Under no circumstances do any statements here represent a recommendation to buy or sell securities or make any kind of investment. You are responsible for your own due diligence. To summarise, I do not provide investment advice, nor do I make any claims or promises that any information here will lead to a profit, loss, or any other result.
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