Hello! This is your finance professional, and here is a new high-quality analysis.
Today we will review the AUDCAD currency pair.
On the chart, we can see that after a strong impulse the price went into a correction. The decline did not follow a usual structure but formed a wedge pattern.
A wedge pattern is a reversal structure. That is exactly what happened — the price reversed and we saw the continuation of the uptrend.
Right now, I have taken a long position according to my trend-following strategy and set the target at the asset’s high.
Today we will review the AUDCAD currency pair.
On the chart, we can see that after a strong impulse the price went into a correction. The decline did not follow a usual structure but formed a wedge pattern.
A wedge pattern is a reversal structure. That is exactly what happened — the price reversed and we saw the continuation of the uptrend.
Right now, I have taken a long position according to my trend-following strategy and set the target at the asset’s high.
More content, analytics, trades, and training on my Telegram channel and X📈
📌EN - t.me/finance_lodge
📌RU - t.me/lozha_financista
📌X (Twitter) - x.com/financier_fx?s=21
📌EN - t.me/finance_lodge
📌RU - t.me/lozha_financista
📌X (Twitter) - x.com/financier_fx?s=21
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
More content, analytics, trades, and training on my Telegram channel and X📈
📌EN - t.me/finance_lodge
📌RU - t.me/lozha_financista
📌X (Twitter) - x.com/financier_fx?s=21
📌EN - t.me/finance_lodge
📌RU - t.me/lozha_financista
📌X (Twitter) - x.com/financier_fx?s=21
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.