I've worked down the timeframes on AUDCAD and have seen a potential buy opportunity.
Technical analysis, using Stochastic Indicator, I can see price is almost oversold.
On the 4H chart, there has been a crossover of thr 50 & 100 day moving averages.
Price tested, broke and retraced the Resistance zone marked on the chart. After a short sell off, I believe price has created a new Higher-Low and there will be a continuation of the uptrend.
Let me know your thoughts, Like, Comment & Follow for more trade ideas!!
Technical analysis, using Stochastic Indicator, I can see price is almost oversold.
On the 4H chart, there has been a crossover of thr 50 & 100 day moving averages.
Price tested, broke and retraced the Resistance zone marked on the chart. After a short sell off, I believe price has created a new Higher-Low and there will be a continuation of the uptrend.
Let me know your thoughts, Like, Comment & Follow for more trade ideas!!