Is AUD/CAD in a Long-term Bullish Channel?
Is that a rhetorical question? ;)
Even if price retraces to the downside in the near term, I am a Bull over the long-term plus it looks like a bullish Inverse H&S formation which are extremely powerful and reliable even before breaking the neckline as you can clearly see the increasing momentum.
If you trade the Kiwi/CAD then for the long-term look for the exact opposite [strong bearish channel and multi-month downtrend].
AUD/CAD is what I like to call an SVP {a Super Valuable Pair} because each pip is worth a lot not to mention the Overnight Swap Rates are positive for Long positions so make sure to Buy dips! I like to classify my favorite pairs as either an HVP {High Value Pair}, an EVP {Extremely Valuable Pair} or an SVP {Super Valuable Pair} based on a variety of factors and situations which can and do change due to the dynamic nature of the current market conditions.
Upside targets will be added in and updated when I get some more free time, maybe this weekend.
Even if price retraces to the downside in the near term, I am a Bull over the long-term plus it looks like a bullish Inverse H&S formation which are extremely powerful and reliable even before breaking the neckline as you can clearly see the increasing momentum.
If you trade the Kiwi/CAD then for the long-term look for the exact opposite [strong bearish channel and multi-month downtrend].
AUD/CAD is what I like to call an SVP {a Super Valuable Pair} because each pip is worth a lot not to mention the Overnight Swap Rates are positive for Long positions so make sure to Buy dips! I like to classify my favorite pairs as either an HVP {High Value Pair}, an EVP {Extremely Valuable Pair} or an SVP {Super Valuable Pair} based on a variety of factors and situations which can and do change due to the dynamic nature of the current market conditions.
Upside targets will be added in and updated when I get some more free time, maybe this weekend.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.