AUDCAD - on a crossroads
On the AUDCAD pair we see a standard situation where two different approaches to trading are used to open a new trade.
One approach is to wait for a correction and trend continuation (we observe a very strong downtrend) on the other hand we can assume this was just a fake breakout - SL on many accounts has been triggered and maybe it's time to buy this pair?
Since my trading is based on overbought and oversold levels I'm personally oriented for Long position. Is this a good time to open a new trade- maybe - with tight SL.
Trade safe!
One approach is to wait for a correction and trend continuation (we observe a very strong downtrend) on the other hand we can assume this was just a fake breakout - SL on many accounts has been triggered and maybe it's time to buy this pair?
Since my trading is based on overbought and oversold levels I'm personally oriented for Long position. Is this a good time to open a new trade- maybe - with tight SL.
Trade safe!
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.
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.