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 👩💻

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.