AUDCAD good point to open BUY TRADE

At the end of November, the price came to the resistance line of 0.960 and fell off strongly from this point. It stopped only at the support line in the area of ​​0.952, after which it worked out a small correction and again returned to this support line.

This line was formed in September 2020. During this time, the price broke it several times during strong growth spikes, but in most cases the line corrected the price movement, changing its direction.


Now, after a strong collapse and a correction to the line, I expect the price to start rising. And this is a great time to open a buy trade.

I will never tire of reminding you of the importance of SL. Set it below the support line around 0.950. The growth target is the resistance level of 0.958. Here we put TP.

Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩‍💻