AUDCAD: growth or correction?
Let's look at this pair at a smaller timeframe to predict the nearest movement. It can be seen that the price has been falling in a downtrend since February this year. Within the trend, periods of price collapses are clearly visible after each of which the price showed an increase (sometimes with corrections).
Recently the price bounced off the 0.953 support and started to rise. It can be expected that it will complete the rise at the resistance of 0.962.
SL - 0.956.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Recently the price bounced off the 0.953 support and started to rise. It can be expected that it will complete the rise at the resistance of 0.962.
SL - 0.956.
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
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.
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.