Australian Dollar/Canadian Dollar
Long
Updated

Trade idea - AUDCAD Long

48
4H

Bullish impulse: indication.

Pattern within pattern: confirmation.
Inverse Head & Shoulders pattern + Bullish Fake Out flag pattern.

Clear support & resistance zone is there.

-68 Fibonacci completion aligning with entry zone.

Corrective approach towards entry zone.

= Buy limit.

1% risk.

RBA Gov Bullock speaks at 1.30 AM. Be aware.
Note
3M

Pattern within pattern potentially in play.
Inverse Head & Shoulders, Bullish M.

Clear support & resistance zone is there.

Ascending trend line holding up price.

snapshot
Note
WEEKLY

Double bottom pattern can be in play with the fake out towards that 3M zone.

Clear support & resistance zone is there.

snapshot
Note
DAILY

Bullish impulse / new HH: indication.

Bullish M pattern: confirmation.

Clear support & resistance zone is there.

Ascending trend line holding up price.

snapshot
Order cancelled
Buy limit removed.

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.