TradingwithL

AUD/CAD - S+R and maybe a retest to confirm

OANDA:AUDCAD   Dollar Australia/Dollar Kanada
Hi all, just an idea see what you all think into how I look and start a trade, how do you look to start a trade?

Here's a setup I am keeping an eye on with a possibility of 3 out comes:

1. We can trade the support and resistance upon the grey area of value.

2. Price could break the resistance and give us a break with a retest of the grey area of value (resistance) and give us a pullback, which if held could be a good now support to go long

3.Price could break the support and give us a break with a retest of the grey area of value (support) and give us a pullback, which if held could be a good now support to go short

This is just an idea, all feedback is welcomed, trade safe

L
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