My Technical Analysis
1. Bullish on weekly timeframe.
2. Broke down trendline on daily tf, hence buy bias.
3. Supported by the 50 EMA on 4h tf.
4. Nicely Rejected by the previous higher high and wick is near the 50 period ema on 1H tf.
5. Trendline break on 5min tf with a bullish engulfing candle.
RISK REWARD RATIO - 1 : 6.66
Guys, I just wanna say that...
My Technical Analysis
1. AUDCAD broke the downtrend line on the daily timeframe and started its uptrend.
2. Price Respected the support zone on 4hr timeframe proving our buy bias.
3. Discovered a Divergence on the 1hr timeframe and price started a short term downtrend.
4. Recently Discovered another divergence on the 15min timeframe indicating a potential...
