AUD/CAD LONG
Hi traders
I spotted an intteresting opportunity on AUD/CAD. Ignoring all the pink arrows, which are the last impulses and retracements I use to detect the current market structure, we could be at the break of a new long impulse. It´s arriving to the .786% Fib Retracement Level and the .618% extension of a last microimpulse. It also has a good oversold level on the RSI. The Risk:Reward is 1:5, so it´s great! The confluence I saw is that is a GREAT area of support, tested and retested in the past.
This is just an idea. Remember two things more important than technical analysis always:
1) Have good risk management.
2) Have a good and calm approach to the market.
Be safe, profit well!
I spotted an intteresting opportunity on AUD/CAD. Ignoring all the pink arrows, which are the last impulses and retracements I use to detect the current market structure, we could be at the break of a new long impulse. It´s arriving to the .786% Fib Retracement Level and the .618% extension of a last microimpulse. It also has a good oversold level on the RSI. The Risk:Reward is 1:5, so it´s great! The confluence I saw is that is a GREAT area of support, tested and retested in the past.
This is just an idea. Remember two things more important than technical analysis always:
1) Have good risk management.
2) Have a good and calm approach to the market.
Be safe, profit well!
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.