TradingView
Muzi_muz
May 14, 2020 3:37 PM

AUDCAD Long

Australian Dollar/Canadian DollarFXCM

Description

My standard setup, search for a boundary triangle, add the lines to make the triangle visible, search for support and resistance lines within the boundary. Here I expect the Price to test the support before attempting to make a LONG upwards to test the resistance line, from there I predict a breakout will arise, the Ghost bars is the expected move and will after make a Short move to test the resistance line that was broken into a support.

Please comment below any suggestions and thinking on this, breakouts can be quite lucrative if one is patient
More