AUDCAD : two ways of price movement
Updated
There are two main ways of price movement, depending on whether it cuts through the resistance line - the trend line of the downtrend channel - or remains within the trend.
In the first case, we are waiting for the breakdown of point 0.984, consolidation and growth to target 1 - 0.990 In the second case, we wait for a rebound from point 0.984 and fall to 0.971. We enter the market only after the trend is fixed!
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
In the first case, we are waiting for the breakdown of point 0.984, consolidation and growth to target 1 - 0.990 In the second case, we wait for a rebound from point 0.984 and fall to 0.971. We enter the market only after the trend is fixed!
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Note
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