AUDCAD Weekly Forecast
Hello Traders!
"Regardless of what you are going through, you still have to show up and remain consistent to your vision"-Inspired by Fx Jordan (Jordan Martinez)
This week I am keen to see AUDCAD giving us that market structure shift after tapping into our MTF-POI and grabbing liquidity. Those who love patterns can agree with me when i say the price has been quickly forming HH-HL on lower timeframes which is noted as a raising wedge indicating a potential shift of structure if it occurs at a resistance level. We have already seen a major bearish pressure after price failed to take out previous higher high.
On 4H chart i am expecting to see internal structure forming LL-LH providing us with scaling opportunities.
can we see a shift in structure this week? and will that shift in structure mark a new bearish market for AUDCAD?. Well no one knows for sure so let us see what the week gives us!
Please note:
Traders don't forget to review your economic calendar even if you are not a fundamental trader but the key is to stay informed not obsessed.
Thank you!
"Regardless of what you are going through, you still have to show up and remain consistent to your vision"-Inspired by Fx Jordan (Jordan Martinez)
This week I am keen to see AUDCAD giving us that market structure shift after tapping into our MTF-POI and grabbing liquidity. Those who love patterns can agree with me when i say the price has been quickly forming HH-HL on lower timeframes which is noted as a raising wedge indicating a potential shift of structure if it occurs at a resistance level. We have already seen a major bearish pressure after price failed to take out previous higher high.
On 4H chart i am expecting to see internal structure forming LL-LH providing us with scaling opportunities.
can we see a shift in structure this week? and will that shift in structure mark a new bearish market for AUDCAD?. Well no one knows for sure so let us see what the week gives us!
Please note:
Traders don't forget to review your economic calendar even if you are not a fundamental trader but the key is to stay informed not obsessed.
Thank you!
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