Upper slopping channel identified on AUDCAD.
Possible quick scalp like trade here with a Risk to Reward ratio of 1:1 not ideal but as TP and SL are reasonable close to current price so the possible loss is somewhat limited.
Price could respect lower parallel channel line and move towards previous high or upper trend
Possible quick scalp like trade here with a Risk to Reward ratio of 1:1 not ideal but as TP and SL are reasonable close to current price so the possible loss is somewhat limited.
Price could respect lower parallel channel line and move towards previous high or upper trend
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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.