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adegoketaiwom

Long on AUDCAD: Double Pattern on 4hrs Chart

Long
Australian Dollar/Canadian Dollar (OANDA:AUDCAD)  
adegoketaiwom  
OANDA:AUDCAD   Australian Dollar/Canadian Dollar
Trend Analysis Chart Patterns
3
4
trendanalysis chartpattern
snapshot
AUDCAD


Tools: Chart Pattern and Price Action
Generally, Price formed a double bottom patterns which is a sign that the price might likely go up. However the price needs to break the daily resistance 0.91302 which will then exposed the monthly resistance 0.92160. If this occur the price to move up.

Buy AUDCAD @ 0.91317
Sl : 0.9094
TP: 0.92423

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