RaynLim

Bullish Flag Breakout and 5-0 Pattern Combo Trade

Long
FX:AUDCAD   Australian Dollar/Canadian Dollar
I'm closely monitoring AUDCAD, and here's why:

1. Bullish Flag Channel Breakout on 4-hourly chart:

- AUDCAD has recently broken out of a Bullish Flag Channel on the 4-hourly chart.

- This breakout suggests a potential bullish move in the market.

2. 5-0 Pattern on 1-hourly chart at 0.8829:

- Waiting for a retracement, I'm eyeing the completion of a 5-0 Pattern at 0.8829 on the 1-hourly chart for a potential long opportunity.

- Utilizing a combo trade strategy to manage risk and enhance returns.

This combo trade involves combining the breakout from the Bullish Flag Channel with a harmonic pattern entry on a lower timeframe (1-hourly 5-0 pattern).

Feel free to share your insights and trade plans for AUDCAD in the comments below. Check the chart link for a visual representation.

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