Hey Spec,
My longer term outlook going by the ascending triangle is bullish and does seem to be and overall uptrend from the start of 2016.
I drew the blue trend line about a month ago and it seems to be respecting that one pretty well.
I haven't traded currency yet but would a basic trading strategy, going by my trend lines and the descending triangle be..
A short on the bottom side of the blue line and a long position on the top??
I was more confident with the 'short-time' short, then the long for just now.
Curious as to why you were long here, (longer or shorter term?)
Could you post a chart and or your ideas, I would be interested in hearing them.
Thanks mate
(edit - I see it has now broken through that blue line of support)
AUDCAD, page-33
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