Once again with my favourite strategy, we have spotted a potential appreciation of AUDCAD: • 3 MA's cross inside the bullish candlestick . • RSI crosses from under 50 to over 50 in the candlestick where the 3 MA's touch. • All while the Ichimoku convergence line crosses the base line during that candlestick . • Additionally, negative MACD decreasing, looking like it is reversing, with the fast EMA drifting away from the slow EMA . • Only factor that does not go in our favour here is the fact that we are opening a long under the ichimoku cloud.
We could expect AUDCAD to appreciate over the next 7-8 hours.
My entry: 0.89744 TP1: 0.9010 TP2: 0.9045 SL: 0.8918
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