AUDCAD : two ways of price movement
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
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.
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.