Dear Traders,
AUDCAD is making an inverted Head and Shoulders, and it has broken the resistance, may be the best chance to go long is to wait the retest of the broken resistance and then buy it when it bounces off. the target area could be the next resistance.
Anyways, this is neither a trade signal nor an investment plan, it is just an idea that I have seen in the market and could be helpful for those who want to know other people's point of view.
Happy Trading!
AUDCAD is making an inverted Head and Shoulders, and it has broken the resistance, may be the best chance to go long is to wait the retest of the broken resistance and then buy it when it bounces off. the target area could be the next resistance.
Anyways, this is neither a trade signal nor an investment plan, it is just an idea that I have seen in the market and could be helpful for those who want to know other people's point of view.
Happy Trading!
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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.
Disclaimer
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.