AUDCAD Buy bias
G'day Traders!
We have triple bottom which gives us a inverted Head & Shoulder. Price has now broken structure and now we're waiting for a retest of the neckline and fib level of 50% and below.
Ideally If we can get a bullish candle break the fib level of 50% (even on 1 hour charts) this could be nice play to the target of 0.980
Remember to use risk management and protect your trade by using stop loss to reduce your potential loss.
Trade smart to live another day.
Good luck Traders, may the pips be with you.
Lenin
We have triple bottom which gives us a inverted Head & Shoulder. Price has now broken structure and now we're waiting for a retest of the neckline and fib level of 50% and below.
Ideally If we can get a bullish candle break the fib level of 50% (even on 1 hour charts) this could be nice play to the target of 0.980
Remember to use risk management and protect your trade by using stop loss to reduce your potential loss.
Trade smart to live another day.
Good luck Traders, may the pips be with you.
Lenin
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.