AUDCAD is currently retesting a key support zone previously acting as resistance, marked in red 🔍
At the same time, this zone is intersecting with the rising blue trendline, which is acting as a non-horizontal support and adding more bullish confluence to the area 📊
As long as this intersection holds, we will be looking for trend-following longs 🚀
The current pullback could simply be a healthy correction within the overall bullish structure before the next bullish expansion starts.
Will buyers defend this confluence zone once again? 🤔
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
At the same time, this zone is intersecting with the rising blue trendline, which is acting as a non-horizontal support and adding more bullish confluence to the area 📊
As long as this intersection holds, we will be looking for trend-following longs 🚀
The current pullback could simply be a healthy correction within the overall bullish structure before the next bullish expansion starts.
Will buyers defend this confluence zone once again? 🤔
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
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📊I help you turn charts into a career
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.