AUDCAD consciously bullish idea
Even though price as been breaking structure to the upside, market pulled back from a third touch of counter trendline on weekly time frame which means until the counter trendline is broken we have to be careful on any longs we will be taking.
Coming down to daily we can see a rejection from a SnR zone with a big pin bar, market made a little pull back then we got a bullish engulfing candle.
On 4hr we will wait for the resistance zone that as been rejecting price to get broken and retested, then look for an entry with BULLISH CANDLESTICK PATTERN.
Coming down to daily we can see a rejection from a SnR zone with a big pin bar, market made a little pull back then we got a bullish engulfing candle.
On 4hr we will wait for the resistance zone that as been rejecting price to get broken and retested, then look for an entry with BULLISH CANDLESTICK PATTERN.
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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.