AUDCAD - SETUP - STRATERGY 2 - WK11CH26

AUDCAD
Time Frame - 4 HR

"Bullish Indications"

- Mature Bullish Trend In Daily TF.
- Price In Support Zone. Price unable to Break support zone - 4 Hr
- Support zone confluence with Fib level 0.5 - 4 Hr
- Descending Parallel Channel / Triangle
- No Divergence
- 3 White Soldiers - 1 Hr
- Doji & Inverted Hammer At bottom of Support Zone - 1 Hr
- 3 White Soldiers - 15 Mins

"Bearish Indications"

- Recently turned to Bearish Trend - 4 Hr
- Bearish Trend - 1 Hr
- Resistance @ 0.91875
- Resistance confluence with Fib level 0.786 - 4 Hr
- Descending Parallel Channel / Triangle
- Bullish Divergence - 1 Hr

BIAS: WAIT FOR PRICE TO BREAK THE SUPPORT ZONE.