AUDCAD Long term and Mid Term
Long Term :
This pair quite hard to decide where the main trend going,
in 1D TF A Bearish Rectangle play at 0.5-0.887 fibonacci level,3 times rejected as support and 2 times rejected as resistance,and then make triple bottom pattern
Mid term :
in smaller TF 4H,if the diagonal line break it must be drop under 0.5 fib level,and then if the trend still continue,0.786 fib level is probable nearest resistance level
This pair quite hard to decide where the main trend going,
in 1D TF A Bearish Rectangle play at 0.5-0.887 fibonacci level,3 times rejected as support and 2 times rejected as resistance,and then make triple bottom pattern
Mid term :
in smaller TF 4H,if the diagonal line break it must be drop under 0.5 fib level,and then if the trend still continue,0.786 fib level is probable nearest resistance level
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