There's a bullish Divergence of Price vs. Momentum on the 1h AUDCAD chart. Price might go up to the resistance line at 0.90542
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Price almost hit the target (0.90542) a few hours ago: - price went up to 0.90520 ! Sure - if we did set the target more conservative, we already would have made some nice pips, but I'm still optimistic that the target will be reached - and maybe price will rise even higher! Looking at the daily chart (and comparing it to the 1h chart) it looks like a double bottom with the neckline at the area of our former target: Right around the second bottom there was a strong bullish divergence - and price went up after that. MACD doesn't indicate a reversal, so the price might break the neckline and will continue to rise.
Trade stängt: målet nått
The Profit target was hit on 9/11 - but it will be interesting to see, what is about to happen next ...
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