AUDCAD Long - Multiple Time Frame Analysis
מעודכן
Monthly Time Frame
Weekly Time Frame
4Hour Time Frame
- Price made a bearish push until it closed as a doji candlestick found support at the weekly demand zone then made a bullish push
- After the bullish push price met resistance at a weekly supply zone ultimately forming a high. Price then began to sell off (retrace).
Weekly Time Frame
- Price met resistance, formed a double top, and closed as a doji followed by a bearish engulfing signaling a selloff.
- During the sell-off (retracement) price found support at the 61.8 fib level and closed as doji candle stick signaling a potential reversal.
4Hour Time Frame
- I am anticipating price forming a double bottom as a candlestick reversal pattern.
- I am expecting a bullish push to 0.895
הערה
Price is beginning to make its bullish push as anticapted.
כתב ויתור
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