AUDCAD POSSIBLE PENNANT BREAK?
Pair: AUDCAD
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern break
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Key Takeaway: Price is seeing a lot of bullish pressure and we have just seen a break of a major resistance trend line, we are waiting for a close above dynamic resistance as price could be producing a fake out which we have to be careful of
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Level needed: need a close by 0.89600
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Trade: LONG
RISK:REWARD 1:7
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Timeframe: 4H
Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern break
—————
Key Takeaway: Price is seeing a lot of bullish pressure and we have just seen a break of a major resistance trend line, we are waiting for a close above dynamic resistance as price could be producing a fake out which we have to be careful of
—————
Level needed: need a close by 0.89600
—————
Trade: LONG
RISK:REWARD 1:7
—————
DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
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