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.
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.