Hi friends,
Seems that we have interesting opportunity forming on AUDCAD 4H chart.
The is daily band to band move on the bollinger bands, and the pair is right on 200 daily moving average.
On 4H chart we can find clear divergence which means that the pair will create a bottom soon and start it’s correction up.
The important supports to watch for this retrace are –
1.0390
1.0340
1.0250
Here is the chart:
I wish you a wonderful day
Vladimir Ribakov
Losing a Forex trade is part of trading. Even a well-planned setup can fail. The…
Many Forex traders spend years searching for the perfect strategy. They study indicators, learn technical…
The latest Federal Reserve developments have shaken the currency and precious metals markets, bringing the…
Forex trading is not simply about finding the right entry. You can have a well-designed…
One of the most important skills in Forex trading is knowing how much to trade.…
Hello traders, Vladimir here from Home Trader Club, and welcome to another Forex Weekly Forecast.…
View Comments
Thanks a lot for that
Vlad