AUDCAD daily and 4-hour long analysis
On the daily timeframe we see that the price started the week with a rejection from the weekly support zone and two days later broke the daily down-trendline with a super bullish candlestick.
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On the 4-hour timeframe we identified an inverse head and shoulders pattern.
We are now waiting for a close above the 4-hour resistance zone, a pullback and retest, plus a candlestick pattern to occur so we can consider opening a long position on AUDCAD pair this week.
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On the 4-hour timeframe we identified an inverse head and shoulders pattern.
We are now waiting for a close above the 4-hour resistance zone, a pullback and retest, plus a candlestick pattern to occur so we can consider opening a long position on AUDCAD pair this week.