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.
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📌EN - t.me/finance_lodge
📌RU - t.me/lozha_financista
📌X (Twitter) - x.com/financier_fx?s=21
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Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
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
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.