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adegoketaiwom
Dec 27, 2019 4:49 AM

Long on AUDCAD: Double Pattern on 4hrs Chart Long

AUD/CADOANDA

Description

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

Comments
Wicktacular
So if it stays under the .91302 resistance it's still a solid sell?
adegoketaiwom
@brice24, Thanks. The answer is probably yes. i expect the price to reverse as soon as it reaches the monthly resistance level 0.92160 which is in accordance with my weekly channel to form a lower low at point around 0.84903. Kindly refer to my weekly chart tradingview.com/x/jAgAabuY/. But if it breaks my channel and resistance level 0.92160 then i can say that its going bullish
Wicktacular
@adegoketaiwom, Just sent you a personal chat if you don't mind glancing at it
adegoketaiwom
@brice24, ok
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