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There is potential for a long trade entry on AUDCAD next week if price continues to fall back down to my desired entry zone at around 0.89500.
Daily Chart - Bearish trend broken, price has broken out of its little sideways range and made new higher highs now.
4hr Chart - Higher high made, consecutive higher lows. Price is pulling back to the bullish trendline and maybe even a retest of the daily trendline that was broken.
Interesting area around 0.89500 where these TL crossover with the fib 0.786
Please check out my blog for more free market analysis and trading education https://diaryofafinancekid.com/blog/
Daily Chart - Bearish trend broken, price has broken out of its little sideways range and made new higher highs now.
4hr Chart - Higher high made, consecutive higher lows. Price is pulling back to the bullish trendline and maybe even a retest of the daily trendline that was broken.
Interesting area around 0.89500 where these TL crossover with the fib 0.786
Please check out my blog for more free market analysis and trading education https://diaryofafinancekid.com/blog/
Nov 15
Comment:
I am not entering any long positions until price reaches my buy zone @ 0.89500
Nov 21
Comment:
No entry for me on this trade set up. It didn't quite come to my desired entry price.
