AUDCAD,🟢Bullish scenarios🟢 (Read the caption)

Well, the price reached the extreme demand zone in the daily chart.

As you can see the price created the liquidity pool above the demand zone and had a bullish reaction after sweeping the liquidity and hitting the demand zone.

Now, we can expect two different scenarios for uptrend.

1. The price can start rising from here because it hit an important level and had a bullish reaction.

2. The price can re-test the lower demand zone that is clear and untouched.

In both scenarios, we can define the previous high as a first target and the liquidity above equal highs as a final target.


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🗓️31/01/2024
🔎 DYOR

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