AUDCAD - Potential Buy

2021년 11월 8일

/*Welcome to the Trader's House*/
MTPA: On the Daily time frame we have a downtrend starting from 25 Feb 21. The downward momentum however is fading. We might be in for a short or long reversal.
Price Action on the 1hour: Since the belief is that the Daily is losing the downward momentum we then have a bullish bias on today's trade.
Bias Checklist for entry on 1hour:

• Obvious downtrend with a fading momentum.
  
• Price looks exhausted for trying to break 0.92000 level.
  
• Price rejected 0.91800 level stopping the buyers and inducing sellers.
  
• Price is at a Seller's Territory which can makes us believe that we are inducing more sellers.
  

Good luck
Trade with LT

2021년 11월 8일

코멘트

Daily