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.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.