AUDCAD analysis
Hello traders!
Here are my thoughts on AUD/CAD.
As you can see on the Weekly chart here
Price has been trending up for a long period of time.
On the daily, price was creating new HL and HH. Also notice how price always respected trend line. After a strong push phase correction phase came and seems like we moving up again. I will monitor how price is going to react around the daily structure and will enter the trade after the break and re-test.
📈📉Trends:
⏳ Weekly- Bullish
⌛️ Daily- Bullish
🟣 Purple zone - Weekly key level
🔵 Blue zone - Daily key level
Don’t forget to let me know your opinion on this in the comment section below! 💬 Sharing is caring! 👨👩👧👦
Have a wonderful and profitable day! ❤️
- ProfitalzTrading
Here are my thoughts on AUD/CAD.
As you can see on the Weekly chart here
Price has been trending up for a long period of time.
On the daily, price was creating new HL and HH. Also notice how price always respected trend line. After a strong push phase correction phase came and seems like we moving up again. I will monitor how price is going to react around the daily structure and will enter the trade after the break and re-test.
📈📉Trends:
⏳ Weekly- Bullish
⌛️ Daily- Bullish
🟣 Purple zone - Weekly key level
🔵 Blue zone - Daily key level
Don’t forget to let me know your opinion on this in the comment section below! 💬 Sharing is caring! 👨👩👧👦
Have a wonderful and profitable day! ❤️
- ProfitalzTrading
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