AUDCAD (Double Top)
AUDCAD formed a double top on the 1.03000 level and price started to drop.
Potential checkpoints where the price could bounce back upside to retest are the following black horizontal lines.
A possible target where the price might hit and go back up for a retest is that green trendline.
The most possible scenario is that the price might go all the way down to 0.94000 which would complete the Gartley Pattern or it might go lower till 0.92000 when a possible strong breakdown happens.
Feel free to comment below!
Potential checkpoints where the price could bounce back upside to retest are the following black horizontal lines.
A possible target where the price might hit and go back up for a retest is that green trendline.
The most possible scenario is that the price might go all the way down to 0.94000 which would complete the Gartley Pattern or it might go lower till 0.92000 when a possible strong breakdown happens.
Feel free to comment below!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.