Previously, we failed to see a 261.8% fib level movement with price heading near that level. Currently, we managed to see a BULLISH retracement with candles retesting the 161.8% fib level followed by a BULLISH continuation. Having said that, the candles we saw retesting the 161.8% fib level do not seem to signal BULLISH strength. In fact, if we look at candlestick pattern the first two candle might be a BEARISH signal with the third candle showing minimal BULLISH strength with no confirmation on that day (third candle was of same size as the previous 2 candles). With that, I am expecting some BEARISH pressure on AUDCAD as it heads towards the ichi cloud and 100% fib level. This could be a possible turning point for a greater downside movement.
Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.