Head and shoulder

Regan64 · October 31, 2019, 8:58am

There is a strong head and shoulder forming in the AUDCAD 1D chart, buying this boy will seems profitable in the long term

Greenish_Eric · October 31, 2019, 1:02pm

Thanks for the tip! Will take a look on it!

Regan64 · October 31, 2019, 1:30pm

Welcome @Greenish_Eric

AUdvantages · October 31, 2019, 2:34pm

I think the Australian Dollar is a solid choice for long-term gains versus majors but I wouldn’t pick the Canadian Dollar as the pair choice in the long-term.

In the short-term you’re late, the rally already happened.

In the 1-2 month time-frame the AUDCAD may be a good pair.

AUDUSD, AUDJPY, AUDCHF are better longer term than that 1-2 month time-frame I think.

Regan64 · October 31, 2019, 2:53pm

I agree with you on this