AUDCAD - The Supply Pressure decreased a lot since the beginning

OANDA:AUDCAD   Australian Dollar/Canadian Dollar
#AUDCAD - The Supply Pressure decreased a lot since the beginning of the bearish behavior. But this doesn't mean that it cannot continue the falling. In the lowest pivot , the price was relatively oversold. Then, it bounced back. Now it hesitates to advance. A rebound would favor the increase in demand, to move the price back into the channel. But much more, it will tend to continue the development of the trading area, giving new opportunities later. You could also think to enter on the weakness. The weakness in the demand can favor a new liquidation. But at such low price, the risk or trading is not really acceptable for me.

Girolamo Aloe
Girolamo Aloe -
Supply Demand Wyckoff Trading Mentor.
Founder of Profiting Me -
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out