20 REASONS FOR LONG AUDCAD
MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW🤑
🧐Eagle eye: Over All Price movement are bear till last 10 years. Almost every year, prices create a new low
Monthly: clear downtrend two higher low and lower low current candle is corrective mood and taped recent FVG area
Weekly: also a clear downtrend on weekly tf till it breaches the last high of about 0.9100 area, so we expect retracement till this area's previous high
SUMMARY extreme bear in Big pic resistance level is 0,9100. The price can reach 0.9100
1 Structure analysis time frame: D1 up trend
2 target time frame: D1
3 Current Move: impulse
4 Entry Time Frame: h4
4.1 Entry TF Structure: bullish
4.2 entry move: current move is impulse. A correction is expected if the price is unable to break the 0.9035 area only 10 pip ahead
5 Support resistance base: support area is 0.8925, resistance area 0.9035. Decide based on these areas but remember, if the price break the resistance level, take a buy entry, or if the price is rejected on the resistance level, then wait for the support area for another buying opportunity only till the support area is intact
6 FIB: Almost done trigger event
7-candle Pattern: shrinking Pattern
8 Chart Pattern: double top
9 Volume: reversal volume is the significant volume at 1st leg and low at 2nd leg
10 Momentum UNCONVENTIONAL Rsi: super bullish zone above 60
11 Volatility measure Bollinger bands: m pattern with volume support volatility divergence
12-strength ADX: uptrend is in strength
13 Sentiment ROC: AUD is weaker than CAD
14 final comments: for now, according to h4, we are with bulls expected the last move, then reversal, as we mentioned, is eagle eye view
15: decision: buy now, and 2nd entry buy at retracement
16 Entry: 0.8927
17 Stop losel: 0.8915
18 Take profit: 0.9090
19 Risk to reward Ratio:1:9
20 Excepted Duration:5 days
🧐Eagle eye: Over All Price movement are bear till last 10 years. Almost every year, prices create a new low
Monthly: clear downtrend two higher low and lower low current candle is corrective mood and taped recent FVG area
Weekly: also a clear downtrend on weekly tf till it breaches the last high of about 0.9100 area, so we expect retracement till this area's previous high
SUMMARY extreme bear in Big pic resistance level is 0,9100. The price can reach 0.9100
1 Structure analysis time frame: D1 up trend
2 target time frame: D1
3 Current Move: impulse
4 Entry Time Frame: h4
4.1 Entry TF Structure: bullish
4.2 entry move: current move is impulse. A correction is expected if the price is unable to break the 0.9035 area only 10 pip ahead
5 Support resistance base: support area is 0.8925, resistance area 0.9035. Decide based on these areas but remember, if the price break the resistance level, take a buy entry, or if the price is rejected on the resistance level, then wait for the support area for another buying opportunity only till the support area is intact
6 FIB: Almost done trigger event
7-candle Pattern: shrinking Pattern
8 Chart Pattern: double top
9 Volume: reversal volume is the significant volume at 1st leg and low at 2nd leg
10 Momentum UNCONVENTIONAL Rsi: super bullish zone above 60
11 Volatility measure Bollinger bands: m pattern with volume support volatility divergence
12-strength ADX: uptrend is in strength
13 Sentiment ROC: AUD is weaker than CAD
14 final comments: for now, according to h4, we are with bulls expected the last move, then reversal, as we mentioned, is eagle eye view
15: decision: buy now, and 2nd entry buy at retracement
16 Entry: 0.8927
17 Stop losel: 0.8915
18 Take profit: 0.9090
19 Risk to reward Ratio:1:9
20 Excepted Duration:5 days
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