Potential Trade Setup on AUDCAD
The price broke out of a strong resistance zone and a long-used Trendline and turned support multiple times.
The price is developing, and I am waiting for a break above the resistance to go LONG.
Alternatively, if the price breaks below support, then there will be an opportunity to go SHORT if the broken support is retested and used ad resistance.
You may find more details in the chart!
Thank you and Trade Responsibly!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
The price broke out of a strong resistance zone and a long-used Trendline and turned support multiple times.
The price is developing, and I am waiting for a break above the resistance to go LONG.
Alternatively, if the price breaks below support, then there will be an opportunity to go SHORT if the broken support is retested and used ad resistance.
You may find more details in the chart!
Thank you and Trade Responsibly!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Note
AUDCAD TRADE IS ACTIVE
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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.
Related publications
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.