girolamoaloe

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 - https://girolamoaloe.com/
Supply Demand Wyckoff Trading Mentor.
Founder of Profiting Me - https://profiting.me/
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