FX:AUDCAD   Australian Dollar/Canadian Dollar
Price has been moving in this channel. Support has been reached and a pennant has formed on the 1H at this key area.

If price breaks and closes above the pennant & the SMA21 and EMA8 cross then i'll be taking the long trade.

I'll be placing my first target just before the strong resistance level , if this is broken then there is potential for price to climb to the top of the channel.

What is your thoughts on this analysis?


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