AUD/CAD long entry at support
Mis à jour
The pair has been correcting for a long time and has now come to key pivot level on the hourly timeframe. This level has acted as support earlier after the breakout and with the pair so oversold a bounce at the first touch is a high probability. An exhaustion candle on the downside also seems to be forming which is generally indicative that some mean reversion in the pair is in the offing. Hence the bounce and the long entry looks like a good probability trade.
Note
entry at 0.8912Note
target 0.8941Note
Target hit, for some it may have missed due to the spread, best to exit once and take the profits. we can always enter again on retracement.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.