The price perfectly fulfilled my last idea. It hit the target level.
AUDCAD took liquidity below the strong support level at 0.9200 and subsequently bounced back, closing above this level. This price action indicates that buyers stepped in to defend the support, and overall, the market trend remains bullish. On the daily timeframe, the formation of a long-tailed bar suggests a rejection of lower prices, further reinforcing the bullish sentiment. Similarly, on the weekly timeframe, the price took liquidity below the lows of the past two weeks. Therefore, I expect the bullish trend to continue, with a target set at the resistance zone around 0.92960.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
AUDCAD took liquidity below the strong support level at 0.9200 and subsequently bounced back, closing above this level. This price action indicates that buyers stepped in to defend the support, and overall, the market trend remains bullish. On the daily timeframe, the formation of a long-tailed bar suggests a rejection of lower prices, further reinforcing the bullish sentiment. Similarly, on the weekly timeframe, the price took liquidity below the lows of the past two weeks. Therefore, I expect the bullish trend to continue, with a target set at the resistance zone around 0.92960. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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t.me/LingridChannel
🚀 Daily CRYPTO setups:
bit.ly/3JIGE2j
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🔥 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
Похожие публикации
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.