LONG - AUDCAD (D) (28 May 2023)
Position Trade - AUDCAD
This is a pair that I would personally study to just observe and see how price will behave as there are no fresh Daily zones to buy from and that is not part of my trading plan.
In the Monthly Chart,
- Price is reaching Monthly Demand
But in the weekly and daily charts, there are no clean zones to buy from. Hence, best to stay away from.
Daily Chart
- a potential zone to buy from if traders want to take the risk as it hits the HTF demand
[ I am expecting the price to rally from this zone]
This is a pair that I would personally study to just observe and see how price will behave as there are no fresh Daily zones to buy from and that is not part of my trading plan.
In the Monthly Chart,
- Price is reaching Monthly Demand
But in the weekly and daily charts, there are no clean zones to buy from. Hence, best to stay away from.
Daily Chart
- a potential zone to buy from if traders want to take the risk as it hits the HTF demand
Note
BUY limit orders would have been triggered if orders were placedNote
Orders would have been triggered if orders were placed.This chart would be kept, but a separate analysis will be done.
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