Dólar Australiano/Dólar CanadenseAtualizado [Market Breakdown 5] AUDCAD
AUDCAD is also looking good for shorts as we are sitting in a major Sell region.
You can see what this zone has triggered in the past.
We have a Monthly -27 Fib completion and we are rejecting this zone for 3-4 months already.
Price is really struggling to break above.
Main bias is of course bearish in this case.
You can see what this zone has triggered in the past.
We have a Monthly -27 Fib completion and we are rejecting this zone for 3-4 months already.
Price is really struggling to break above.
Main bias is of course bearish in this case.
Nota
Only thing i can see on the Weekly chart is the break of the ascending trend (line) and the last HL.This is a clear indication for short set-ups.
Nota
On the Daily chart, we are also Bearish as we have broken the ascending trend (line) and the last HL. We have received a solid Bearish impulse as indication.
We do expect the market to form a Bearish W pattern as confirmation.
Clear Supply & Demand zone the region of interest.
Descending trend line to protect the price.
If we do complete our Bearish W, i can determine my precise entry on the 4H chart.
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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.