AUDCAD 4h technical analysis
AUDCADRecently audcad had a good support at 0.911
I just took a look at it's chart and understood that I missed the long position cuz it wasn't in my watchlist .
But let's see when we can enter it for long
The price is moving with a strong bullish momentum
There's a trendline and it seems it's gonna break because of the strong momentum we have .
So IF it breaks , the best strategy for entering long position is to enter at pullback to the trendline .
So we need to wait and see what gonna happen to audcad and we need to wait for confirmations and then enter with a good R/R and risk management .
what's your idea guys ?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.