I've worked down the timeframes on AUDCAD and have seen a potential buy opportunity.
Technical analysis, using Stochastic Indicator, I can see price is almost oversold.
On the 4H chart, there has been a crossover of thr 50 & 100 day moving averages.
Price tested, broke and retraced the Resistance zone marked on the chart. After a short sell off, I believe price has created a new Higher-Low and there will be a continuation of the uptrend.
Let me know your thoughts, Like, Comment & Follow for more trade ideas!!
Technical analysis, using Stochastic Indicator, I can see price is almost oversold.
On the 4H chart, there has been a crossover of thr 50 & 100 day moving averages.
Price tested, broke and retraced the Resistance zone marked on the chart. After a short sell off, I believe price has created a new Higher-Low and there will be a continuation of the uptrend.
Let me know your thoughts, Like, Comment & Follow for more trade ideas!!
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.