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Audcad RTO or Breakout?

238
Hello dear, as we mentioned in the chart it's the lowest low from a long time,

Waiting for the action.

Set a stop loss always.

Nota
Double Bottom
Price hit the RTO Zone and did not cross it twice and that another sign that we should see a bullish trend soon
Stay patient
Best Regard EMA Trading
Nota
4 Hours chart timeframe

three white soldiers candlesticks after double bottom
its a buying order .
Nota
AUDCAD ↗️↗️ Triangle breakout analysis .


Hello Everyone 🙋🏽‍♂️

As we could see we have triangle chart pattern, we are waiting for a breakout at the price 0.787400 to enter the ascending channel,
WE recommend :

🟢TP 1 0.88260
🟢TP 2 0.89820
🟢TP 3 0.90580

🔴 SL 0.86000

If the price still going down and retest the support to be resistance then is it a downtrend signal, don't buy at that time.

Penafian

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