AUDCAD RISING IN CHANNEL WITH POSSIBLE BREAKOUT
LONG trade analysis on AUDCAD.
Graph is looking bullish from lower trendline to upper trendline with possible breakout in Parallel Falling Channel. Bullish Engulfing Candle also indicates buy on the chart. And as you can see on the chart price created Regular Bullish Divergence as well confirming long position and possible breakout of channel. Trade idea is also shown on RSI indicator.
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Graph is looking bullish from lower trendline to upper trendline with possible breakout in Parallel Falling Channel. Bullish Engulfing Candle also indicates buy on the chart. And as you can see on the chart price created Regular Bullish Divergence as well confirming long position and possible breakout of channel. Trade idea is also shown on RSI indicator.
If you liked this idea or if you have your own opinion about it, feel free to write in the comments.
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