Long Aud/Cad based on wedge, support and starting divergence
Audcad seems to be at the bottom of a wedge falling into the support zone.
Mfi is starting to level out thus forming divergence with price slowly going down. This can be a good indication to go long.
I'd spread out my entries to get a better r:r if possible.
I've given a general idea on how 1 might do so. This example shows 3 entries each of wich should be 0.33% of your max risk. For swingtrading i reccomend it being about 0.5% or lower per trade.
Trading @swingfish.trade, Join the Community! Its free!
swingfish.trade/
Lending/Investment:
enfoid.com/investors/dv?a=c4e0
Prop trading:
enfoid.com/prop?a=c4e0
Mfi is starting to level out thus forming divergence with price slowly going down. This can be a good indication to go long.
I'd spread out my entries to get a better r:r if possible.
I've given a general idea on how 1 might do so. This example shows 3 entries each of wich should be 0.33% of your max risk. For swingtrading i reccomend it being about 0.5% or lower per trade.
Trading @swingfish.trade, Join the Community! Its free!
swingfish.trade/
Lending/Investment:
enfoid.com/investors/dv?a=c4e0
Prop trading:
enfoid.com/prop?a=c4e0
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.
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.