AUDCAD - Bullish cypher after a nice breakout
Updated
Traders,
Similar to the USDJPY i published recently the AUDCAD broke a major resistance area. This indicate's that the price can move higher to a next potential reversal area (drawn at the chart).
After the breakout i predict that the price could move higher to that zone.
This cypher pattern could be a reason for me to get long with the trend.
SL: 0,99734
T: 1,01369
Have a great weekend ;)
Similar to the USDJPY i published recently the AUDCAD broke a major resistance area. This indicate's that the price can move higher to a next potential reversal area (drawn at the chart).
After the breakout i predict that the price could move higher to that zone.
This cypher pattern could be a reason for me to get long with the trend.
SL: 0,99734
T: 1,01369
Have a great weekend ;)
Comment
Cypher completed, lets wait for a valid HHHC to enterComment
Price gave us an HHHC but an inverse RR. Let's wait for another signal to get involved.Order cancelled
Looks like the price is moving without our entry signal. although i dind't had a change to get involved. I always like this to see because it give's me always some confidence in my trading ;)Related publications
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