TradingView
TradingWithCody
Jun 20, 2019 9:58 PM

AUD/CAD Weekly Support Area Long

AUD/CADOANDA

Description

The AUD/CAD just hit an area where in the past every single time price has completely reversed. I don't think I'll be looking for any long term buy trades because overall it looks like it might break through the bottom at some point which would be a great trade in itself but I think it still has some juice left and is going to rally up again for some quick pips. We can think about shorting it after that.

Trade active

Made a doji on the weekly chart, if price can reach 0.9200 and stay above that I think this is going to turn out to be an amazing bull run.
More