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.
Note
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.
Note
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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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.