(1D) AUDCAD ripe for a long
I see a pull back in an uptrend on the daily, bouncing off a trend line with an aggressive Williams-Vix-Fix (WVF) signal. Aggressive WVF signals tend to fail but are more reliable when in an uptrend.
The Aroons are for the bulls, having originated from a cross at 50.
The overall trend seems strong for the upside at this point. The trend could well fail - as no one can predict the future with the markets.
Stop-losses may have to be some distance below the base of the WVF candle - depending on favoured strategy.
Disclaimer: The information provided herein is opinion only. Under no circumstances do any statements here represent a recommendation to buy or sell securities or make any kind of investment. You are responsible for your own due diligence. To summarise, I do not provide investment advice, nor do I make any claims or promises that any information here will lead to a profit, loss, or any other result.
The Aroons are for the bulls, having originated from a cross at 50.
The overall trend seems strong for the upside at this point. The trend could well fail - as no one can predict the future with the markets.
Stop-losses may have to be some distance below the base of the WVF candle - depending on favoured strategy.
Disclaimer: The information provided herein is opinion only. Under no circumstances do any statements here represent a recommendation to buy or sell securities or make any kind of investment. You are responsible for your own due diligence. To summarise, I do not provide investment advice, nor do I make any claims or promises that any information here will lead to a profit, loss, or any other result.
FED balance sheet 42% of GDP @ 2020-01-26. Does money have value anymore? [Different perspective on the virus youtu.be/NjTdvALChwk ]
