AUDCAD M30
Price rallied in the NY SESSION on 5th February 2021 with the noticeable volume. And we are expected that price will pull back to yellow zone that also coincides with 38.2 fib level. The reason behind this huge volume being the price tested longterm trend line on Daily chart. After the pullback, we will be closely looking at the Price action in the YELLOW marked zone. This trade can possibly be have risk reward ratio of 1:4 on long position as shown. So good luck and happy trading everyone :-)
Penafian
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