Get started
Simple_Renko

AUDCAD Buying the Range

Long
Australian Dollar/Canadian Dollar (OANDA:AUDCAD)  
Simple_Renko Updated   
OANDA:AUDCAD   Australian Dollar/Canadian Dollar
Support and Resistance Supply and Demand Trend Lines
2
0
supportandresistance supplyanddemand trendline
See callout bubbles. I usually don't buy range, but the higher time frame chart is suggesting that this pair could be headed higher. If Oil priced are tied more closely to the AUD, this could be additional evidence for a short to mid-term Long bias.

Always measure your risk and be okay with being wrong ; )
Comment:
The market has moved away from our zone, but let's hold tight and wait patiently for entry.

Always measure your risk and be okay with being wrong ; )
***If you feel like you've learned something and would like to learn even more, please sign up and support me as a patron at my Patreon page located at Patreon.com/SimpleRenkoTrading***

Thank you for your support!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.