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(08 Feb Europe Asia) Latest Impact: AUDCAD Downtrend to be arrested?

 

 

AUDCAD shows a bearish wave in the last 2weeks and the time frame TL may not hold. The TL reads today 9305 and a close above resurrects the idea that U-turn is on the way.

 

Allow a close above 9300 on any session, be it Asia, Europe, or US. If that happens, then jump with the bulls @9300 and above to hit the level of fibo 38% @9370.

 

The exodus of the signal would be set on a close below 9265 during any session. On the other hand, to allow the signal an opportunity in case its stop is triggered, do reverse – double lots – on a close below 9265 targeting 9200 and set a stop above 9300.

 

Any other update or query regarding this signal should be addressed to support team for continuation process (if any).

 

 

 

 

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The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. ****

 

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