AUDCAD BREAKOUT

TIMEFRAME: 4H
TOOLS USED: 200EMA, trend channel, dynamic support/resistance

We can see price has broken the 200EMA on the 4 hour which is a huge confirmation of the trend changing and along with that we break support and trend line which are also very very significant levels

Potential Profit: 500 pips
position: Long
200ema-pullbackBeyond Technical AnalysisbreakoutChart PatternssupportTrend AnalysisTrend Line Break

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