AUDCAD triangle forming on the daily
Hi all,
On the AUDUSD we can clearly see a triangle forming.
I am expecting one of four things to happen:
1: A breakout to the upside, followed by a direct move up
2. A breakout to the upside, followed by a small move up and then a retracement back down to the trendline. From here the price should bounce and go up again
3: A breakout to the downside, followed by a direct move down
4: A breakout to the downside, followed by a small move down and then a retracement back up to the trendline. From here the price should bounce and down up again
Best of luck!
On the AUDUSD we can clearly see a triangle forming.
I am expecting one of four things to happen:
1: A breakout to the upside, followed by a direct move up
2. A breakout to the upside, followed by a small move up and then a retracement back down to the trendline. From here the price should bounce and go up again
3: A breakout to the downside, followed by a direct move down
4: A breakout to the downside, followed by a small move down and then a retracement back up to the trendline. From here the price should bounce and down up again
Best of luck!
Publications connexes
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.
Publications connexes
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.