AUDCAD 4h technical analysis

11 Eki 2021

AUDCAD

Recently audcad had a good support at 0.911
I just took a look at it's chart and understood that I missed the long position cuz it wasn't in my watchlist .
But let's see when we can enter it for long

The price is moving with a strong bullish momentum
There's a trendline and it seems it's gonna break because of the strong momentum we have .
So IF it breaks , the best strategy for entering long position is to enter at pullback to the trendline .
So we need to wait and see what gonna happen to audcad and we need to wait for confirmations and then enter with a good R/R and risk management .

what's your idea guys ?

12 Eki 2021

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13 Eki 2021

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