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.
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