AUDCAD – 4H Ascending Channel Continuation
Market Structure:
Price is moving inside a well-defined ascending channel. Higher lows are holding above the lower channel support, while price remains capped below the upper channel resistance, indicating controlled bullish structure within a rising range.
Price Action:
Recent price action shows rejection from the lower half of the channel followed by consolidation near the channel midline. The structure suggests a continuation attempt toward the upper boundary after holding support.
Trade Bias:
Bullish
Entry Zone:
0.9170 – 0.9190
Stop Loss:
0.9090
Take Profit Levels:
Level 1: 0.9240
Level 2: 0.9280
Level 3: 0.9320
Invalidation:
A 4H close below the lower channel support around 0.9090 invalidates the bullish setup.
Market Structure:
Price is moving inside a well-defined ascending channel. Higher lows are holding above the lower channel support, while price remains capped below the upper channel resistance, indicating controlled bullish structure within a rising range.
Price Action:
Recent price action shows rejection from the lower half of the channel followed by consolidation near the channel midline. The structure suggests a continuation attempt toward the upper boundary after holding support.
Trade Bias:
Bullish
Entry Zone:
0.9170 – 0.9190
Stop Loss:
0.9090
Take Profit Levels:
Level 1: 0.9240
Level 2: 0.9280
Level 3: 0.9320
Invalidation:
A 4H close below the lower channel support around 0.9090 invalidates the bullish setup.
Aviso legal
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.