1HR AUDCAD bearish outlook
1HR AUDCAD
price has been moving bearish sideways creating new LHs and LLs breaking the 4 HR and 1 HR zones.
Price is currently showing as a bullish engulfing candle in a LH to retest the 4 HR resistance or even up to 1 HR support.
With the wick rejections since Sept 2nd, price may not go higher than the 1 HR resistance.
Price may be moving sideways until it reaches 0.88850 before returning bullish to retest the zones.
price has been moving bearish sideways creating new LHs and LLs breaking the 4 HR and 1 HR zones.
Price is currently showing as a bullish engulfing candle in a LH to retest the 4 HR resistance or even up to 1 HR support.
With the wick rejections since Sept 2nd, price may not go higher than the 1 HR resistance.
Price may be moving sideways until it reaches 0.88850 before returning bullish to retest the zones.
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