Buy opportuinity on AUD/CAD
The pair formed an inverted head and shoulders on 4H time-frame, and bounced up from its neck line after forming a bullish engulfing pattern, which confirmed conditionality of the uptrend and will target level 0.9795as its primary target in the uptrend.
if we looking for the RSI indicator we will find that it bounced up from around level 50 which support continuing the uptrend, and the Stochastic shown a positive crossover beside its mid-range which increasing the probability of continuing the current uptrend.
So, in my opinion we can go long from current level 0.9679 with SL @ 0.9650 and targets around 0.9795 then 0.9815
if we looking for the RSI indicator we will find that it bounced up from around level 50 which support continuing the uptrend, and the Stochastic shown a positive crossover beside its mid-range which increasing the probability of continuing the current uptrend.
So, in my opinion we can go long from current level 0.9679 with SL @ 0.9650 and targets around 0.9795 then 0.9815
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