AUDCAD
Hi there fellow traders! AUDCAD is looking pretty bearish for me, and I think it is pretty obvious why. We have a 3rd bounce off this (resistance) trendline with price showing bearish candle info at the 61.8 fib level. Market is making Lower Lows and Lower Highs, so a Lower Low is expected in this case (This being our Lower High). Price may move lower than my expected target. Good luck.
Note
Possible Bearish Cypher.Order cancelled
Note
For Long entries.
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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.