tradafx

Wait for a buying opportunity with AUDCAD

Long
OANDA:AUDCAD   Australian Dollar/Canadian Dollar
H4 time frame.
Structure: Downtrend.
After the price down to the support level of 0.91000, a double bottom pattern and divergence signal appeared.
Wait for the price increase to break the Key level at 0.92000 and have a confirmation move, then you can find buying opportunities.
The profit target is the 0.92700 zone.
-----------------------------------------------------------------------------------------------
Wish you all have a good trading day!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.