AUD CAD 4H - Bullish signs
Hello!
Looks like AUDCAD finally reached to an end of the bottom rally, RSI candle indicator shows a strong red candle, that means much volume was in this candle fighting against bearish momentum. I predicted on the longer Timeframes a inverted h&s pattern on my recent idea (linked below) wich is my first improvment for a bullish momentum on this chart. As you can see the marked resistances are the fib levels given in chart. Ichimakou cloud also shows signs of resistance @~0.97350 so plenty of room to grow. What do you think?
Nice weekend!
Cheers,
Kasmirpuma
Looks like AUDCAD finally reached to an end of the bottom rally, RSI candle indicator shows a strong red candle, that means much volume was in this candle fighting against bearish momentum. I predicted on the longer Timeframes a inverted h&s pattern on my recent idea (linked below) wich is my first improvment for a bullish momentum on this chart. As you can see the marked resistances are the fib levels given in chart. Ichimakou cloud also shows signs of resistance @~0.97350 so plenty of room to grow. What do you think?
Nice weekend!
Cheers,
Kasmirpuma
Trade closed manually:
followed until 3# then the breakdown. hope ya'll did a stoploss. nice prof anyways
KSC
