Week 48: AUDCAD - Look for long
Price is in a support zone and has been making pins in the 0.96x levels which has convinced me that this area of support is pretty strong. However, to enter a position now means having to stomach a 200+ pips stop loss by placing your SL behind the support zone.
Therefore, it will be better to wait for price to return to 0.9617 to enter a long trade. Note that the likelihood of consolidation at 0.9772 level is quite strong.
Therefore, it will be better to wait for price to return to 0.9617 to enter a long trade. Note that the likelihood of consolidation at 0.9772 level is quite strong.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.