- February 1, 2022
- Posted by: Tradingshot Articles
- Category: Forex
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Pattern: Bearish Megaphone on the 1D time-frame.
Signal: Buy as the price hit the bottom (Lower Lows trend-line) of the Megaphone while the 1D MACD is about to print a Bullish Cross, which since August has signaled a rise.
Target: The 1D MA200 with a rough projection at 0.9200.
Tradingview link:
https://www.tradingview.com/chart/AUDCAD/6qlcLz6j-AUDCAD-made-a-bottom-and-is-targeting-the-1D-MA200