Long

Bullish Flag Breakout and 5-0 Pattern Combo Trade

I'm closely monitoring AUDCAD, and here's why:

1. Bullish Flag Channel Breakout on 4-hourly chart:

- AUDCAD has recently broken out of a Bullish Flag Channel on the 4-hourly chart.

- This breakout suggests a potential bullish move in the market.

2. 5-0 Pattern on 1-hourly chart at 0.8829:

- Waiting for a retracement, I'm eyeing the completion of a 5-0 Pattern at 0.8829 on the 1-hourly chart for a potential long opportunity.

- Utilizing a combo trade strategy to manage risk and enhance returns.

This combo trade involves combining the breakout from the Bullish Flag Channel with a harmonic pattern entry on a lower timeframe (1-hourly 5-0 pattern).

Feel free to share your insights and trade plans for AUDCAD in the comments below. Check the chart link for a visual representation.

RaynLim

🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker

Get into our 15mins workday community
discord.gg/AKDr9vPqH7

Live session & Trading Tips on the GO
instagram.com/raynlim/

Also on:

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.

RaynLim

Also on: