themikewwfx

Bounce Off Strong Support

Long
FX_IDC:AUDCAD   Australian Dollar/Canadian Dollar
A perfect example of the power of support and resistance showing on AUDCAD today. The monthly support at 0.9800 forced price right back to the bulls and with a break of the 25 SMA as well it gave me a great spot to look for an entry and catch a piece of the move. Looking forward to this one.
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.