AUDCAD is trading inside a Channel Down pattern since the end of January.
A similar pattern bottomed almost a year ago (July 13th) on the exact same Support (0.87400) and rebounded to the previous High (Resistance) and Fibonacci 0.5.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 0.91000 (Resistance and Fibonacci 0.5).
Tips:
1. The RSI (1d) is also printing a similar pattern to July's 2022 bottom.
Please like, follow and comment!!
A similar pattern bottomed almost a year ago (July 13th) on the exact same Support (0.87400) and rebounded to the previous High (Resistance) and Fibonacci 0.5.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 0.91000 (Resistance and Fibonacci 0.5).
Tips:
1. The RSI (1d) is also printing a similar pattern to July's 2022 bottom.
Please like, follow and comment!!
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Also doing account management, earn +15% monthly profit!
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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.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.