AUDCAD - Are we in 2006?
Taking a look on how this pair trades led me to find similar patterns in the past that we may be going through in the charts today.
Market moves labeled from W - Z showing approximately where we stand.
Based off what we see this would be a signal to mainly look for long positions over shorts in the long run.
As we creep into 2024 this gives us a quick bull run into 2025 anticipating future downdraw.
This would put us in a sideways market like shown around the '06 - '09 years.
With this data you can match your research to add confluence in your investment strategy, trade ideas, and much more.
*Not Financial Advice - DYDD*
Market moves labeled from W - Z showing approximately where we stand.
Based off what we see this would be a signal to mainly look for long positions over shorts in the long run.
As we creep into 2024 this gives us a quick bull run into 2025 anticipating future downdraw.
This would put us in a sideways market like shown around the '06 - '09 years.
With this data you can match your research to add confluence in your investment strategy, trade ideas, and much more.
*Not Financial Advice - DYDD*
Note
So far so good what an amazing play. If no Longs where opened at 'Z' then the next goal would be a Short position as price action retraces near the double top 'X'.
The EMA and trendline serves as selling pressure to also indicate this next selloff.
9% Up 9% Down.
NathanAL
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.
NathanAL
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.