AUDCAD is following along a bullish trendline, presenting an opportunity for bulls to go long once price reaches the supportive trendline again. A stop loss can be placed a few pips below the supportive trendline to minimise risk, with a first target 50% to the previous high and a second target at the previous high.
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Be sure to follow me for more ideas and analyses! Leave a comment with your thoughts below, all input is appreciated.
Best of luck traders!