AUDCAD TRADING IDEA (SWING BUY)
WEEKLY
1. Price broke major weekly descending trendline showing possible bias for bullish fashion in the long term.
2. Upon breaking the trendline, price also created higher high on 1st Macrh 2021.
3. It was the highest price Aussie Cad made since June 2018.
DAILY
1. Price is at important decision point now which was the previos low as well as daily resistance.
2. Price came to the resistance trice and made rejection. Price failed to break the resistance.
3. On the daily chart price made correction channel pattern.
H4
1. Last week, price broke market structure which show possible sign of bullish trend.
2. Price formed triple bottom on the H4 chart.
1. Price broke major weekly descending trendline showing possible bias for bullish fashion in the long term.
2. Upon breaking the trendline, price also created higher high on 1st Macrh 2021.
3. It was the highest price Aussie Cad made since June 2018.
DAILY
1. Price is at important decision point now which was the previos low as well as daily resistance.
2. Price came to the resistance trice and made rejection. Price failed to break the resistance.
3. On the daily chart price made correction channel pattern.
H4
1. Last week, price broke market structure which show possible sign of bullish trend.
2. Price formed triple bottom on the H4 chart.
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