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HenrykPSmyth

Possible Trend Change

Long
Australian Dollar/Canadian Dollar (FX:AUDCAD)  
HenrykPSmyth  
FX:AUDCAD   Australian Dollar/Canadian Dollar
Trend Analysis rolereversal priceaction possiblereversal
6
0
trendanalysis rolereversal priceaction possiblereversal
We have the following factors:

  • Monthly support
  • Daily Role Reversal Zone at 50-61.8 Fib.

Wait for:
4h / 1h trend change confirmation pattern or a good price action at role reversal zone
Otherwise I wouldn't advice taking this trade, since the downtrend is very strong and may continue.

Cheers!
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