AUDCAD - within up trend and triangle pattern - buy on 2H

2019-10-29 17:32:18

market price confirmed the up trend triangle line and made a higher low that should be followed by a strong up movement which started already yesterday.
Market is still in up trend until he stay above 0,893 area

- MACD baselines are still in up movement and jumped above 0 line and the buy volume seems to getting bigger which is bullish indicator
- RSI baseline is still in up movement and need to close above up trend line for further prce up movement
- Bollinger bands are still in up movement direction which implements further up movement
- 20 day moving average (MA) going to cross the 50 day MA and the 100 day MA the 200 day MA which is bullish indicator

Market need to break the down trend triangle line to activate take profit 2 - we will update this idea in VIP - contact us for further information.