Is this the time for reversal or atleast correction for AUDCAD pair??
1) Pair approached oversold zone. 2) Pair bounced back from support zone . 3) Pair bounced back from trend line forming for around a month. 4) Pair bounced back from 200MA on 1H & 50MA on 4H.
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Disclaimer: This is just an idea. Please do your own analysis before opening a position.
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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.