AUDCAD | Strong Support Zone
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Initiate Long.
Entry - 0.88890
TP1 - 0.89310
TP2 - 0.89711
TP3 - 0.90112
SL - 0.88763
Reason: Previously strong support zone retraced the price to Upward inside the Channel. We can initiate a Long position after price manages to close above the support zone.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advise.
Initiate Long.
Entry - 0.88890
TP1 - 0.89310
TP2 - 0.89711
TP3 - 0.90112
SL - 0.88763
Reason: Previously strong support zone retraced the price to Upward inside the Channel. We can initiate a Long position after price manages to close above the support zone.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advise.
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