AUDCAD good time to BUY
Since November, the price has entered the zone between two lines: support and resistance. And during the last month she moved between them. So - my previous forecast came true: from the resistance line the price fell to the support line.
Now the price is near the support 0.955 - but you can already see that it started to grow after touching the line.
This is a small support line since early November. But it is clear that the price has never broken through it. I think that she will not be able to do this even now.
I expect the price to rise from the support line to the resistance level of 0.958. This means we can open a buy trade!
I will never tire of reminding you of the importance of SL - set it below the support line around 0.953.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
Now the price is near the support 0.955 - but you can already see that it started to grow after touching the line.
This is a small support line since early November. But it is clear that the price has never broken through it. I think that she will not be able to do this even now.
I expect the price to rise from the support line to the resistance level of 0.958. This means we can open a buy trade!
I will never tire of reminding you of the importance of SL - set it below the support line around 0.953.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
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💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: bit.ly/3J4aRVE
🏆TOP Broker: lingridedu.com/brokerFXPro
🌎WebSite: lingrid.org
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.
📚The BEST Trading Course: t.me/lingrid
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: bit.ly/3J4aRVE
🏆TOP Broker: lingridedu.com/brokerFXPro
🌎WebSite: lingrid.org
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: bit.ly/3J4aRVE
🏆TOP Broker: lingridedu.com/brokerFXPro
🌎WebSite: lingrid.org
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.