AUDCAD Long - Multiple Time Frame Analysis

Monthly Time Frame

Price made a bearish push until it closed as a doji candlestick found support at the weekly demand zone then made a bullish push
After the bullish push price met resistance at a weekly supply zone ultimately forming a high. Price then began to sell off (retrace).

Weekly Time Frame

Price met resistance, formed a double top, and closed as a doji followed by a bearish engulfing signaling a selloff.
During the sell-off (retracement) price found support at the 61.8 fib level and closed as doji candle stick signaling a potential reversal.

4Hour Time Frame

I am anticipating price forming a double bottom as a candlestick reversal pattern.
I am expecting a bullish push to 0.895

노트

Price is beginning to make its bullish push as anticapted.

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