AUDCAD Long on 4H
AUDCAD is at historic lows, but is currently testing both its long term downtrend line and S2, with RSI in an oversold position.
Good opportunity for a long position targeting the 382 and 50EMA.
However - needs confirmation on shorter timescales as there are no obvious bullish convergence yet, although I do expect them to come. Could be a good profit here if the trade is caught correctly but NO entry yet.
Good opportunity for a long position targeting the 382 and 50EMA.
However - needs confirmation on shorter timescales as there are no obvious bullish convergence yet, although I do expect them to come. Could be a good profit here if the trade is caught correctly but NO entry yet.
Order cancelled
No trade taken here. AUDCAD didnt show the bullish entry that it needed.
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.