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Xpressforex
Feb 15, 2021 8:14 PM

DON'T MISS THIS OPPERTUNITY - AUD/CAD Long

Australian Dollar/Canadian DollarFXCM

Description

I've worked down the timeframes on AUDCAD and have seen a potential buy opportunity.

Technical analysis, using Stochastic Indicator, I can see price is almost oversold.

On the 4H chart, there has been a crossover of thr 50 & 100 day moving averages.

Price tested, broke and retraced the Resistance zone marked on the chart. After a short sell off, I believe price has created a new Higher-Low and there will be a continuation of the uptrend.

Let me know your thoughts, Like, Comment & Follow for more trade ideas!!
Comments
Xpressforex
TP HIT!
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