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Australian Dollar/Canadian Dollar
Long

AUDCAD H4 LONG PRICE ACTION FORECAST

64
The Asian pairs have shown a strong recovery to pre-pandemic levels, with their primary partner China showing clear economic improvement signs, Australia and New Zealand are in a clear bullish trend.

This pair has been trading bouncing from the 50 EMA, the reason why a long entry is placed to capture the next bounce from the FIb level 38,2 to ride a swing trade.

The order:
Type: buy-limit
S/L: 455 pips - R:R | 1:4 -
T/P: previous resistance level level


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AUDCADaudcadforecastaudcadlongChart PatternsTrend Analysis
OGFXTRADER
FEEL FREE TO CHECK MY SOCIAL NETWORKS FOR MORE MARKET INFORMATION 🇺🇸 🇪🇸

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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.