AUDCAD analysis
Updated
Hello traders!
Here are my thoughts on AUD/CAD.
As you can see on the Weekly chart here
Price has been trending up for a long period of time.
On the daily, price was creating new HL and HH. Also notice how price always respected trend line. After a strong push phase correction phase came and seems like we moving up again. I will monitor how price is going to react around the daily structure and will enter the trade after the break and re-test.
📈📉Trends:
⏳ Weekly- Bullish
⌛️ Daily- Bullish
🟣 Purple zone - Weekly key level
🔵 Blue zone - Daily key level
Don’t forget to let me know your opinion on this in the comment section below! 💬 Sharing is caring! 👨👩👧👦
Have a wonderful and profitable day! ❤️
- ProfitalzTrading
Here are my thoughts on AUD/CAD.
As you can see on the Weekly chart here
Price has been trending up for a long period of time.
On the daily, price was creating new HL and HH. Also notice how price always respected trend line. After a strong push phase correction phase came and seems like we moving up again. I will monitor how price is going to react around the daily structure and will enter the trade after the break and re-test.
📈📉Trends:
⏳ Weekly- Bullish
⌛️ Daily- Bullish
🟣 Purple zone - Weekly key level
🔵 Blue zone - Daily key level
Don’t forget to let me know your opinion on this in the comment section below! 💬 Sharing is caring! 👨👩👧👦
Have a wonderful and profitable day! ❤️
- ProfitalzTrading
Trade active
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.