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timmynorin

AUDCAD - Will the trend continue?

Long
Australian Dollar/Canadian Dollar (FX:AUDCAD)  
timmynorin  
FX:AUDCAD   Australian Dollar/Canadian Dollar
AUDCAD audcadlong audlong cadshort Cypher
5
0
audcad audcadlong audlong cadshort cypherpattern
After a few successful long entries on AUDCAD -0.10% , I follow up with another one.

My clues here are:

  • Bounced off historical support/resistance level.
    Bullish trendline as support
    Cypher-pattern completed
    Double bottom at above mentioned level of interest
    Momentum turning around

Targets marked on chart.
First target markes the 0.618 fib retracement of the latest high.
Second target, retest of high and monthly resistance level .

Lets see how we do
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