LONG trade analysis on AUDCAD.
Graph is looking bullish from support zone and potencial Double Bottom to upper trendline. Bullish Engulfing Candle also indicates buy on the chart. It indeed is more risky trade because its placed against the trend but it should work out just fine since OIL is looking to drop. Trade idea is also shown on RSI indicator.
If you liked this idea or if you have your own opinion about it, feel free to write in the comments.
Graph is looking bullish from support zone and potencial Double Bottom to upper trendline. Bullish Engulfing Candle also indicates buy on the chart. It indeed is more risky trade because its placed against the trend but it should work out just fine since OIL is looking to drop. Trade idea is also shown on RSI indicator.
If you liked this idea or if you have your own opinion about it, feel free to write in the comments.
