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anshuman_05

AUD/CAD long entry at support

Long
Dollar australien/Dollar canadien (FX:AUDCAD)  
anshuman_05 Mis à jour   
FX:AUDCAD   Dollar australien/Dollar canadien
Trend Analysis Chart Patterns AUDCAD Forex forexsignals
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trendanalysis chartpattern audcad forex forexsignals
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.
Commentaire:
entry at 0.8912
Commentaire:
target 0.8941
Commentaire:
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.
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