AUD/CAD has consolidated in the 0.98 area for the past 2 weeks and does not seem to want to go back down. This could potentially very well be a bullish continuation pattern if the current support holds. We can expect it to go up at least 100 pips as soon as it breaks upward. As always, I would like to remember you that risk management is key in success in this...
Demand Zone ... Weekly and Daily price action ...RSI confirmation ..... and AUD generally being more Bullish all round ... credit to trader @jp1981 , cos we share similar sentiment www.tradingview.com
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Watching the weekly chart as the successful test of this trend line may provide a great buying opportunity.
Sorry this is one I forgot to add in this morning, I've already entered on AUDCAD but there is an opportunity arising to jump in soon. 30M has completed a Bullish Golden Crossover (EMA50 Above EMA200) and we are seeing the 1H chart is now preparing to cross over. Price broke out of the short term bearish downtrend above the trend line and heading towards first...
YOU SEE THE CONFIRMATIONS THAT THIS PAIR GAVE SO WE CAN GO EASY AND MAKE A SMALL PROFIT TODAY AND LONG TERM ALSO
short AUDCAD now guys, pair is now following the 5th impulse wave . take your short positions till the provided targets thanks