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UnknownUnicorn9076755
14 maj 2021 14:34

AUDCAD long trade signal - multi-timeframe analysis Lång

Australian Dollar/Canadian DollarFXCM

Beskrivning

the complete setup for AUDCAD in the monthly time frame and following the strategy about support and resistance strategy.
we found the price moving in the down channel but there is a historical important support area in the monthly timeframe, so we should respect it.
in the weekly timeframe, we couldn't admit that the price rejects the support area so we moved to the daily chart.
we found a strong uptrend and that trend is broken trying to reach the bottom of the highest high of the uptrend and that is what the market did.
so from this point, we are expecting the price will reject this area after the backtest and going up.
moving to the COT report we found a huge volume for selling CAD currency, so we decided to buy AUDCAD.
TRUST THE PROCESS
#EG-Finance
Kommentarer
monireh555
thank you for beautiful analysis
UnknownUnicorn9076755
@monireh555, you are welcome :)) follow for more
Mer