AUDCAD Analysis
Price currently resistance area and maybe will have some rejection from this level.
Price also start to make LH and LL as an early indication of a trend change.
For the RSI, we can see that it has broken below level 50 and during an uptrend it has never been broken below level 50.
And this could be a sign of a decline.
However, we still have to respect the decision zone because we will focus more on price action.
this level will probably be the last barrier.
If this zone is successfully broken, we can sell.
Price also start to make LH and LL as an early indication of a trend change.
For the RSI, we can see that it has broken below level 50 and during an uptrend it has never been broken below level 50.
And this could be a sign of a decline.
However, we still have to respect the decision zone because we will focus more on price action.
this level will probably be the last barrier.
If this zone is successfully broken, we can sell.
Nota
price moving slowly and still cannot break decision zone.it may retest the top once again
Patternception
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channel : t.me/patternception
instagram : @patternception
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Patternception
channel : t.me/patternception
instagram : @patternception
channel : t.me/patternception
instagram : @patternception
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.