AUDCAD is at historic lows, but is currently testing both its long term downtrend line and S2, with RSI in an oversold position.
Good opportunity for a long position targeting the 382 and 50EMA.
However - needs confirmation on shorter timescales as there are no obvious bullish convergence yet, although I do expect them to come. Could be a good profit here if the trade is caught correctly but NO entry yet.
Good opportunity for a long position targeting the 382 and 50EMA.
However - needs confirmation on shorter timescales as there are no obvious bullish convergence yet, although I do expect them to come. Could be a good profit here if the trade is caught correctly but NO entry yet.
Order cancelled:
No trade taken here. AUDCAD didnt show the bullish entry that it needed.