AUDCAD on SUPPORT level. BUY SIGNAL
In mid-October, after a long fall, the price was able to break through the strong support level. However, almost immediately (within three days) it rose again and again broke through this level as a result of growth.
The last two weeks, the price can be said to have perfectly fixed at this level, having touched it again. A new reason for its fall was a strong resistance line.
Now the price has come back to the support level. We can see a slight breakout on the chart, however I expect the price to not fall below.
I expect the price to take advantage of the support and rise. And this is a signal to open a buy trade now.
Focus on the SL by the level of support.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
The last two weeks, the price can be said to have perfectly fixed at this level, having touched it again. A new reason for its fall was a strong resistance line.
Now the price has come back to the support level. We can see a slight breakout on the chart, however I expect the price to not fall below.
I expect the price to take advantage of the support and rise. And this is a signal to open a buy trade now.
Focus on the SL by the level of support.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
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