Initiating a Buy Trade on AUDCAD Targeting 0.92
The Global Horns pattern is a corrective-based target derived from a unique strategy I developed years ago, with a proven track record of rarely missing.
While trades like this can sometimes take a few weeks to reach the target, extensive backtesting and real-world application show a high degree of accuracy.
Fundamentally, both currencies are relatively stable, with Australia’s commodity-driven economy balancing against Canada’s oil-linked performance. Given these similarities, I anticipate some ranging before any significant moves.
I'm starting with a small position. While I don’t expect an immediate rally, I’m entering now and will add incremental positions if the price moves against me. Keeping trades small, leverage low, and aligned with fundamentals remains my approach for this setup.
The Global Horns pattern is a corrective-based target derived from a unique strategy I developed years ago, with a proven track record of rarely missing.
While trades like this can sometimes take a few weeks to reach the target, extensive backtesting and real-world application show a high degree of accuracy.
Fundamentally, both currencies are relatively stable, with Australia’s commodity-driven economy balancing against Canada’s oil-linked performance. Given these similarities, I anticipate some ranging before any significant moves.
I'm starting with a small position. While I don’t expect an immediate rally, I’m entering now and will add incremental positions if the price moves against me. Keeping trades small, leverage low, and aligned with fundamentals remains my approach for this setup.
📈 Free Telegram: t.me/global_horns
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.
📈 Free Telegram: t.me/global_horns
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.