AUDCAD DESCENDING TRIANGLE BREAKOUT
Pair: AUDCAD
Timeframe: 1H , 4H
Analysis: Round number level, trend line, volume profile, support and resistance, descending triangle pattern
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Key Takeaway: Alot of bullish momentum for AUD as it is altogether, we are at a critical level of reaction at the moment by the top of our descending triangle. We are looking for a close above this level on the 4H chart, a re-test would also give us the perfect confirmation we need to enter long
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Level needed: need a close by 0.89635
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Trade: Long
RISK:REWARD 1:9
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Timeframe: 1H , 4H
Analysis: Round number level, trend line, volume profile, support and resistance, descending triangle pattern
—————
Key Takeaway: Alot of bullish momentum for AUD as it is altogether, we are at a critical level of reaction at the moment by the top of our descending triangle. We are looking for a close above this level on the 4H chart, a re-test would also give us the perfect confirmation we need to enter long
—————
Level needed: need a close by 0.89635
—————
Trade: Long
RISK:REWARD 1:9
—————
DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
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.
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.