2016-02-11_00-37-01audusd

As you can see from this daily and weekly audcad chart I noted two things.

The weekly chart is bullish where the previous swing high has been taken out.

The daily chart has  support at the 0.98000 to 0.98600 levels.

Price printed two days ago a candle with a very nice lower wick showing that prices could not be sustaned at that level.

Todays candle is bullish right from our level of support so I bought my share of it and hope for some bullish continuation.

My stop went below the area of structure or congestion of price.

BEST OF PIPS

One thought on “Buying from Support”

  1. Wayne McDonell - TradersWay.com says:

    Are you able to login and post?

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