Look at the clear market condition of the AUDCAD

On my previous post I talked about what I like to see on the LT charts before I start looking for trade opportunities: the market bouncing off clear S&R levels. I got the perfect chart that explains this accurately, AUDCAD daily chart:

How would you trade something like this?

Its simple, once the market gets rejected from the support level, look for long opportunities until it reaches the next resistance level, on the other hand, once it get rejected from the resistance level, look for short opportunities until it reaches the next LT support level.

Easy enough?

Trade Safe!

Raul Lopez
Forex Course

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Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .