AUDCAD Technical Overview and Trade Plan
Daily Chart and Trade Plan for 2020 Q1
0.91500 is the key resistance
LONG SETUP DETAILS:
Breakout and closing above 0.91500 would validate the rectangle breakout. The first target of the pattern is 0.92400. The structural target of the pattern is 0.93400.
The ultimate target of the pattern is 0.95300.
Note: A minor retracement: Bearish Shark pattern would be completed at 0.93400.
SHORT SETUP DETAILS:
If the price fails to break and close above 0.91500, it is likely to retest 0.89800.
Break and close below 0.89500 would be validated the double top pattern. The structural target of the pattern is 0.88000.
Note: This is a trade plan. Entry signals and intraday trade opportunities would be sent to the members.
VERIFIED ACCOUNT AND SETUP RESULTS
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