AUDCAD buy opportunity at the bottom of the Channel Down
AUDCAD is approaching the bottom of the annual Channel Down, having crossed under the 0.236 Fibonacci level.
As the 1day RSI forms a Higher Lows bottom pattern, the conditions for a medium term buy arise.
Buy and target the 0.618 Fibonacci level at 0.8885 or book the profit earlier if it hits the 1day MA50 first.
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As the 1day RSI forms a Higher Lows bottom pattern, the conditions for a medium term buy arise.
Buy and target the 0.618 Fibonacci level at 0.8885 or book the profit earlier if it hits the 1day MA50 first.
Follow us, like the idea and leave a comment below!!
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