AUDCAD Long Trade Setup
A #long trade opportunity recently presented itself on the #aussieloonie (#AUDCAD) #trading chart 📈.
This is indicated by the #bullish engulfing candlestick 🕯️ pattern just above the 0.88046 horizontal support level.
This indicates a rejection of the same level, with potential price move in the upward ⬆️ direction (#buy).
Sufficient upward momentum should see price rallying towards the 0.90000 psychological level and possibly testing the strength of the 0.90113 horizontal resistance level.
As always, please apply appropriate risk management.
Happy trading!
#crosspair
This is indicated by the #bullish engulfing candlestick 🕯️ pattern just above the 0.88046 horizontal support level.
This indicates a rejection of the same level, with potential price move in the upward ⬆️ direction (#buy).
Sufficient upward momentum should see price rallying towards the 0.90000 psychological level and possibly testing the strength of the 0.90113 horizontal resistance level.
As always, please apply appropriate risk management.
Happy trading!
#crosspair
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