AUD/CAD: Bullish channel perspective!!!
As Australian Dollar/Canadian Dollar drop at least in the range of 43 pips approximately and hit the 0.618% of Fibonacci in that yesterday analysis of what we see a double break out and the formation of ABCD bearish pattern. So, my trade was not bad, but I didn't closed up my posiiton at $0.9350 CAD when reach the 0.618% of Fibonacci zone, but I closed up my trade near of my price entry, just that at least I earn like 2 pips in this stupid trade, what I suppose to closed up my target in the exactly 0.618% and I would have 44 pips approximately. But don't worry, our technical analysis could to fall and sometimes we would need to work mroe and be cautelous how the market work. As I dont thinking that in H4 timeframe was a good confluence to buy in the 0.618% too in that key Fibonacci level.
Look below!!!
That was a good confluence in that trending, and that mean that Australian Dollar will continue up.
But to update now, we see that if Australian Dollar break up this bearish channel to the upside what I show you in htis blue arrow line model, this could be a a good perspective to find up long position in this Forex par.
So guys, my previously trade was not bad, but my perspective was very good in what targets could AUD/CAD to reach, but be cautelous what happen in the price action, I decide in the past hald 5 hours to closed up this trade as AUD/CAD make a bull movement. But we can't to trade indmediately in this trade until break out this bearish channel.
Also, I guess you to read my previously analysis of there of what I talk about yesterday in AUD/CAD about double break out and ABCD bearish pattern and my measure using Fibonacci level for targets. Goes to the link to related idea and click on.
Look below!!!
That was a good confluence in that trending, and that mean that Australian Dollar will continue up.
But to update now, we see that if Australian Dollar break up this bearish channel to the upside what I show you in htis blue arrow line model, this could be a a good perspective to find up long position in this Forex par.
So guys, my previously trade was not bad, but my perspective was very good in what targets could AUD/CAD to reach, but be cautelous what happen in the price action, I decide in the past hald 5 hours to closed up this trade as AUD/CAD make a bull movement. But we can't to trade indmediately in this trade until break out this bearish channel.
Also, I guess you to read my previously analysis of there of what I talk about yesterday in AUD/CAD about double break out and ABCD bearish pattern and my measure using Fibonacci level for targets. Goes to the link to related idea and click on.
Ordine annullato
As I knwew it, This could be a shortly opporutnity to find up like 45 pips into this range of this down of AUD/CAD. But as I closed up early. I believe that AUD will up and then down as I saw in that. But I will cancelled this posiiton as right ow, there're not any entries if AUDCAD will going to up, but I hope that AUD will up THIS BEARISH CHANNEL.