AUD/CAD - S+R and maybe a retest to confirm
Hi all, just an idea see what you all think into how I look and start a trade, how do you look to start a trade?
Here's a setup I am keeping an eye on with a possibility of 3 out comes:
1. We can trade the support and resistance upon the grey area of value.
2. Price could break the resistance and give us a break with a retest of the grey area of value (resistance) and give us a pullback, which if held could be a good now support to go long
3.Price could break the support and give us a break with a retest of the grey area of value (support) and give us a pullback, which if held could be a good now support to go short
This is just an idea, all feedback is welcomed, trade safe
L
Here's a setup I am keeping an eye on with a possibility of 3 out comes:
1. We can trade the support and resistance upon the grey area of value.
2. Price could break the resistance and give us a break with a retest of the grey area of value (resistance) and give us a pullback, which if held could be a good now support to go long
3.Price could break the support and give us a break with a retest of the grey area of value (support) and give us a pullback, which if held could be a good now support to go short
This is just an idea, all feedback is welcomed, trade safe
L