AUD/CAD OVERSOLD ZONE, BULLISH REVERSAL!
Aggiornato
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
QUICK UPDATE ON AUDCAD.
As we can see price is still overall bearish trading inside 2 channel the out one acting from a medium-term perspective ingulfing the overall movement
and as we can see price also trading inside the inner channel from a short-term perspective.
However, price is around a strong support zone and around the lower bound of the out channel acting as an over-sold area.
For the bulls to kick in we need a break above the marked major swing high, then a movement higher would be expected.
1-2 risk to reward ratio from a risk management perspective.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
QUICK UPDATE ON AUDCAD.
As we can see price is still overall bearish trading inside 2 channel the out one acting from a medium-term perspective ingulfing the overall movement
and as we can see price also trading inside the inner channel from a short-term perspective.
However, price is around a strong support zone and around the lower bound of the out channel acting as an over-sold area.
For the bulls to kick in we need a break above the marked major swing high, then a movement higher would be expected.
1-2 risk to reward ratio from a risk management perspective.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
Nota
Telegram channel: t.me/Snipers_F_x
Telegram channel:
t.me/Snipers_F_x
t.me/Snipers_F_x
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