This is my analysis on AUD/CAD for educational purposes documenting my thought process with the hope of attaining some feedback on my analysis.
Please note the is a counter trend idea targeting the daily swing structure.
Higher Time Frame
Weekly - Structure on the weekly chart is bearish.
Daily - Structure on the daily chart is bearish.
Medium Timeframe
4 Hour - Following a bearish break of structure on the daily time frame it price is facilitating a pull back for a possible continuation towards the daily swing structure. Refer back in time and you will see price reacted aggressively from the area on the daily time frame.
Lowe Timeframe
1 Hour - The one hour time frame has shown multiple bullish breaks of structure coupled with breaks of internal fractal structure (ChOcH) suggesting that price may be intending to push higher.
Hopefully the chart provides a better explanation. Any feedback is appreciated.
Please note the is a counter trend idea targeting the daily swing structure.
Higher Time Frame
Weekly - Structure on the weekly chart is bearish.
Daily - Structure on the daily chart is bearish.
Medium Timeframe
4 Hour - Following a bearish break of structure on the daily time frame it price is facilitating a pull back for a possible continuation towards the daily swing structure. Refer back in time and you will see price reacted aggressively from the area on the daily time frame.
Lowe Timeframe
1 Hour - The one hour time frame has shown multiple bullish breaks of structure coupled with breaks of internal fractal structure (ChOcH) suggesting that price may be intending to push higher.
Hopefully the chart provides a better explanation. Any feedback is appreciated.
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.