AUDCAD Reversal Price Action, Watch for Buy
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Hi everyone:
AUDCAD is currenting in the larger descending structure that have potential to have bullish reversal price action opportunity.
We can see the larger descending structure, correcting the price since the previous bearish impulse phase.
With a few swing highs and lows, price has been consolidating within.
The latest development is showing us a smaller, lower time frame descending channel, and a strong bullish impulse phase breaking to the upside.
Watch for bullish continuation correction as a confirmation to look for the next buy to the top of structure.
thank you
DISCLAIMER:
-My forecast and analysis are NOT financial advice, you should not trade and invest solely on this information.
Commentaire
Higher time frame: Commentaire
Price indeed form the bullish continuation correction that we are looking forCommentaire
Commentaire
Price almost at the highs of structure, watch for developmentCommentaire
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