The price perfectly fulfilled my last idea. 
AUDCAD is rejecting from the top of the resistance zone after a strong bullish impulse and has started forming a rounded top pattern. Price remains inside an upward channel but is showing signs of exhaustion with the blue arrow projecting a pullback. As long as the price stays below 0.9008, we expect a descent toward the 0.8962 region. Momentum is cooling, and a bearish correction is likely before any bullish attempt resumes.
📉 Key Levels
💡 Risks
AUDCAD is rejecting from the top of the resistance zone after a strong bullish impulse and has started forming a rounded top pattern. Price remains inside an upward channel but is showing signs of exhaustion with the blue arrow projecting a pullback. As long as the price stays below 0.9008, we expect a descent toward the 0.8962 region. Momentum is cooling, and a bearish correction is likely before any bullish attempt resumes.📉 Key Levels
- Sell trigger: Break below 0.8990
- Sell zone: 0.8995 – 0.9012
- Target: 0.8962
- Invalidation: Break and close above 0.9025
💡 Risks
- Strong bullish momentum may resume if support holds
- Failure to break 0.8990 could trap early sellers
- Macro data from AUD/CAD region may disrupt the structure
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
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Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
🔥 Daily GOLD and Forex updates with 20,000+ active traders:
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j
t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.