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
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