AUD CAD (Potential long)
Reason for long :-
- EMA 200 is under the zone indicating its in bullish trend
-Bouncing on the key support zone (38.2) which if we look left, shows a traces of previous structure
- Bullish flag pattern form
- If there's a bullish candle close on the next day which breaks the red line, potential to go long on 1st target : 1.01646 and 2nd target : 1.0400
- EMA 200 is under the zone indicating its in bullish trend
-Bouncing on the key support zone (38.2) which if we look left, shows a traces of previous structure
- Bullish flag pattern form
- If there's a bullish candle close on the next day which breaks the red line, potential to go long on 1st target : 1.01646 and 2nd target : 1.0400
Note
Candles appear to have broken the trendline, and it's currently bouncing on the line. High probability of it to go up and hit the target price.
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