AUDCAD - SETUP - STRATERGY 2 - WK11CH26
AUDCAD
Time Frame - 4 HR
"Bullish Indications"
- Mature Bullish Trend In Daily TF.
- Price In Support Zone. Price unable to Break support zone - 4 Hr
- Support zone confluence with Fib level 0.5 - 4 Hr
- Descending Parallel Channel / Triangle
- No Divergence
- 3 White Soldiers - 1 Hr
- Doji & Inverted Hammer At bottom of Support Zone - 1 Hr
- 3 White Soldiers - 15 Mins
"Bearish Indications"
- Recently turned to Bearish Trend - 4 Hr
- Bearish Trend - 1 Hr
- Resistance @ 0.91875
- Resistance confluence with Fib level 0.786 - 4 Hr
- Descending Parallel Channel / Triangle
- Bullish Divergence - 1 Hr
BIAS: WAIT FOR PRICE TO BREAK THE SUPPORT ZONE.
Time Frame - 4 HR
"Bullish Indications"
- Mature Bullish Trend In Daily TF.
- Price In Support Zone. Price unable to Break support zone - 4 Hr
- Support zone confluence with Fib level 0.5 - 4 Hr
- Descending Parallel Channel / Triangle
- No Divergence
- 3 White Soldiers - 1 Hr
- Doji & Inverted Hammer At bottom of Support Zone - 1 Hr
- 3 White Soldiers - 15 Mins
"Bearish Indications"
- Recently turned to Bearish Trend - 4 Hr
- Bearish Trend - 1 Hr
- Resistance @ 0.91875
- Resistance confluence with Fib level 0.786 - 4 Hr
- Descending Parallel Channel / Triangle
- Bullish Divergence - 1 Hr
BIAS: WAIT FOR PRICE TO BREAK THE SUPPORT ZONE.
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.