DucNgNh

Long AUDCAD with huge Risk/Reward

Long
FX:AUDCAD   Australian Dollar/Canadian Dollar
After completing the triple bottom pattern, the price broke the opposite supply zone and in my opinion, trend has changed from bearish to bullish ( in H1 TF )
The entry area is the original demand zone which make the breakout and target is upper daily supply zone ( if reach, R/R is 1/9.5 )
The broken demand zone proved as valid as the previous price's response: price touched and fell
Price will react in the upper supply zone, but with the previous reaction of price, I think it will break this supply zone and move towards the upper supply zone. It is fresh daily supply zone
Thank you guys for watching and sorry for my bad english
Hope you guys understand what I mean
Please follow me and support me so I can come up with new trading ideas
Thank you
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.