AUDCAD - within up trend and triangle pattern - buy on 2H
market price confirmed the up trend triangle line and made a higher low that should be followed by a strong up movement which started already yesterday.
Market is still in up trend until he stay above 0,893 area
- MACD baselines are still in up movement and jumped above 0 line and the buy volume seems to getting bigger which is bullish indicator
- RSI baseline is still in up movement and need to close above up trend line for further prce up movement
- Bollinger bands are still in up movement direction which implements further up movement
- 20 day moving average (MA) going to cross the 50 day MA and the 100 day MA the 200 day MA which is bullish indicator
Market need to break the down trend triangle line to activate take profit 2 - we will update this idea in VIP - contact us for further information.
Market is still in up trend until he stay above 0,893 area
- MACD baselines are still in up movement and jumped above 0 line and the buy volume seems to getting bigger which is bullish indicator
- RSI baseline is still in up movement and need to close above up trend line for further prce up movement
- Bollinger bands are still in up movement direction which implements further up movement
- 20 day moving average (MA) going to cross the 50 day MA and the 100 day MA the 200 day MA which is bullish indicator
Market need to break the down trend triangle line to activate take profit 2 - we will update this idea in VIP - contact us for further information.
Trade active
Note
TP1 reachedTrade closed: target reached
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
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.
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
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.