The price perfectly fulfilled my last idea. It went up and hit the target. 
AUDCAD has recently tested the resistacne level and bounced back, indicating a strong defense of this key area. Notably, the price has also rejected the zone by absorbing liquidity above the previous higher high, suggesting a potential reversal. Furthermore, the daily chart is displaying a divergence at resistance, hinting that we might see a correction in the coming days. On the 4H chart, a long-tailed candlestick pattern emerged, indicating that bulls were heavily sold off, leaving us with a clear indication of market weakness at resistance. Given these factors, I expect that the price will break through the upward trendline and retest the support level, potentially leading to a reversal or consolidation. My target is support level at 0.90800
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
AUDCAD has recently tested the resistacne level and bounced back, indicating a strong defense of this key area. Notably, the price has also rejected the zone by absorbing liquidity above the previous higher high, suggesting a potential reversal. Furthermore, the daily chart is displaying a divergence at resistance, hinting that we might see a correction in the coming days. On the 4H chart, a long-tailed candlestick pattern emerged, indicating that bulls were heavily sold off, leaving us with a clear indication of market weakness at resistance. Given these factors, I expect that the price will break through the upward trendline and retest the support level, potentially leading to a reversal or consolidation. My target is support level at 0.90800Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
🔥 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
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน
🔥 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
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน