Australian Dollar/Canadian Dollar
Long
Updated

AUDCAD: Trend Line Breakout Trade

714
snapshot

AUDCAD broke above a strong falling trend line on a daily.

On hourly the price has formed a narrow horizontal range.
Just recently its resistance was broken with a high momentum bullish candle.

Now a bullish movement is expected.

Goals:
0.986
0.9875
Trade closed: target reached
Price hit the first goal during US session yesterday
Note
Check my new idea on EURGBP:
EURGBP: How to Buy Wisely?

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.