avoryhoward

Deep crab pattern indicating LONG

Long
avoryhoward Updated   
FOREXCOM:AUDCAD   Australian Dollar/Canadian Dollar
Deep Crab Pattern completion at point .97280
Trigger bar acting as good support as of this point.
Trade execution after breakthrough of MA 8

Take profit target #1 at .98600 Take profit target #2 at .99400
Stop loss .97400

Update upon target completions
Comment:
Price is looking to retest the oversold side of the RSI.
From that point watch out for a quick trend reversal.
Comment:
Great push through MA 8 MA 20 MA 25 with MA 25 as a resistance point
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