MagnaCarta1215
Short

AUD/CAD 4H potential bear flag break

FX:AUDCAD   Australian Dollar/Canadian Dollar
313 6 1
After a significant move down in AUD/CAD             we had some consolidation upward. The break of the this small upward channel could see a move down the length of the previous move down. If fundamentals continue to signal a Chinese slowdown Aussie could experience continued weakness and with QE3 rumors hampering USD, CAD could be a good substitute for shorting AUD. Target 1.0150 with a stop loss back in the small upward channel at 1.0400.
MagnaCarta1215
4 years ago
The red trend line is supposed to intersect the black flag line where the red box is, but the trend line was pushed up when it was published unfortunately.
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exploration
4 years ago
Hi...Do you think the target is still 1.0150? Will you be posting a new chart on the AUD/CAD...would like to see it.
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admin PRO
4 years ago
Well done!
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01990199
4 years ago
perfect
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