AUDCAD, 2023-02-21
AUDCAD has entered a RBR, with a retest of a near term trendline break as support.
-- Target is 1.00 on the Fib ext, well within bounds of the upper downtrend line
-- This is a continuation pattern. This formation requires a 5m COC (change of character) retest entry.
However, the upcoming Inflation numbers could nullify the trade entirely so watch out.
-- Target is 1.00 on the Fib ext, well within bounds of the upper downtrend line
-- This is a continuation pattern. This formation requires a 5m COC (change of character) retest entry.
However, the upcoming Inflation numbers could nullify the trade entirely so watch out.
Note
06:05 price has broken under the main POI. If prices move further or closes outside of the POI trade is null. If prices close within the POI may adjust for that, but with major news looming this trade looks to be out of play.
-- Trendline retest is there, but not a formation I take on it's own.
Ordre annulé
7:24 price has moved way out of range, no way to recover. Trade is nil.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.