Hi!
AUDCAD previously traded within a clear bearish structure, forming lower highs and lower lows inside a descending channel. Toward the latter stage of the move, selling pressure began to weaken as downside momentum slowed and price struggled to print new lows, signaling seller exhaustion and early buy-side absorption.
Price then reacted from a key demand zone and broke above the descending trendline, confirming a structural shift. As long as price holds above this demand area, bullish continuation remains the preferred scenario, with the next resistance target near 0.9188. A decisive move back below demand would invalidate this outlook and suggest a return to bearish continuation.
Trade safely.
AUDCAD previously traded within a clear bearish structure, forming lower highs and lower lows inside a descending channel. Toward the latter stage of the move, selling pressure began to weaken as downside momentum slowed and price struggled to print new lows, signaling seller exhaustion and early buy-side absorption.
Price then reacted from a key demand zone and broke above the descending trendline, confirming a structural shift. As long as price holds above this demand area, bullish continuation remains the preferred scenario, with the next resistance target near 0.9188. A decisive move back below demand would invalidate this outlook and suggest a return to bearish continuation.
Trade safely.
トレード稼働中
トレード終了: 利益確定目標に到達
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関連の投稿
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。