Hey Traders, sorry have been away for a few days.
Today, our analysis is on AUDCAD.
This setup will take a few days, so be patient as I am posting this before the start of the trading week.
AUDCAD has been in HEAVY CONSOLIDATION since the beginning of January 1st. 2018.
I have marked off my Weekly Resistance Level at 0.95750.
I have marked off my Weekly Support Level at 0.94500.
Basically, I am waiting for price to reach either Resistance or Support levels, then wait for a STRONG confirmation candlestick or confluence to let me know that price is moving in that direction.
I believe that if we are to finally break through either Resistance or Support levels then we can expect a very big move as this pair has been building up momentum for a big decline or rally up!
As always, please leave comments, questions or concerns!
Thanks again,
#ForexFargo
Today, our analysis is on AUDCAD.
This setup will take a few days, so be patient as I am posting this before the start of the trading week.
AUDCAD has been in HEAVY CONSOLIDATION since the beginning of January 1st. 2018.
I have marked off my Weekly Resistance Level at 0.95750.
I have marked off my Weekly Support Level at 0.94500.
Basically, I am waiting for price to reach either Resistance or Support levels, then wait for a STRONG confirmation candlestick or confluence to let me know that price is moving in that direction.
I believe that if we are to finally break through either Resistance or Support levels then we can expect a very big move as this pair has been building up momentum for a big decline or rally up!
As always, please leave comments, questions or concerns!
Thanks again,
#ForexFargo
İşlem kapandı: hedefe ulaştı
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.