You would be well advised to confirm the breakout that has just occurred – do you believe the move through resistance to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 1.3786 but consider reducing the size of your position as the price gets closer to that target.
Related Posts
A Falling Wedge has formed, AUDCAD is approaching resistance. Can we expect a breakout and the start of a new trend or a reversal?
An emerging Falling Wedge has been detected on AUDCAD on the 4 hour chart. There is a possible…
EURGBP moves higher to 0.8356 in the last 10 days.
For those of you that don’t believe in trends, this may be an opportunity to take advantage of…
USDCAD is quickly approaching a very important level it has previously tested numerous times in the past
USDCAD is approaching a support line at 1.3946. If it hits the support line, it may break through…