AUDCAD is currently in a demand zone. The red dotted line is called risk trendline, waiting for the break of that downward risk trendline before executing in sounds like a solid plan. it's smart to be patient and let the market show you its ready to move away from the demand area. Plus, by waiting for the break, we are giving ourselves confirmation, which can help in making more informed decision. Just make sure to keep an eye on news that might affect the AUDCAD pair while we wait. will make an update when it is ready for entry. Happy trading
Transaction en cours