AUDCAD - Where could it go after breaking down?
מעודכן
PAIR: AUDCAD
BIAS: BEARISH
HORIZON: MEDIUM-TERM
Price has nicely formed a head and shoulders pattern, which it broke down from, coinciding with a break of the rising trend line.
We could see price have a retracement to the structure zone, where the 38.2 Fibonacci level is at, and possibly retest the descending trend line as well.
With multiple confluences, this could turn out the be a great trade setup. Watch for bearish price action in the structure zone before any entries.
Let's see how this goes, Cheers!
BIAS: BEARISH
HORIZON: MEDIUM-TERM
Price has nicely formed a head and shoulders pattern, which it broke down from, coinciding with a break of the rising trend line.
We could see price have a retracement to the structure zone, where the 38.2 Fibonacci level is at, and possibly retest the descending trend line as well.
With multiple confluences, this could turn out the be a great trade setup. Watch for bearish price action in the structure zone before any entries.
Let's see how this goes, Cheers!
עסקה סגורה: היעד הושג
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.