AUDCAD FALLING from strong RESISTANCE zone
All my forecasts for this currency pair since the beginning of the month have come true.
Price sequentially:
First, it returned from the resistance level to the support line.
Then she took advantage of this line and began to grow.
And recently it has risen from the support level to the resistance line - there it has worked out a signal to buy plus.
And now you and I can see that the price came to the intersection of two resistance lines. One of them has existed since July, the second since May.
Together, this creates a strong barrier to price increases. Therefore, I am confident that the price will fall in the near future. I doubt that the drop will be very sharp without any correction. However, I expect that the price will eventually come to the resistance line.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
Price sequentially:
First, it returned from the resistance level to the support line.
Then she took advantage of this line and began to grow.
And recently it has risen from the support level to the resistance line - there it has worked out a signal to buy plus.
And now you and I can see that the price came to the intersection of two resistance lines. One of them has existed since July, the second since May.
Together, this creates a strong barrier to price increases. Therefore, I am confident that the price will fall in the near future. I doubt that the drop will be very sharp without any correction. However, I expect that the price will eventually come to the resistance line.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻
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🚀FREE CRYPTO signals in Telegram: bit.ly/3J4aRVE
🏆TOP Broker: lingridedu.com/brokerFXPro
🌎WebSite: lingrid.org
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.
📚The BEST Trading Course: t.me/lingrid
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: bit.ly/3J4aRVE
🏆TOP Broker: lingridedu.com/brokerFXPro
🌎WebSite: lingrid.org
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: bit.ly/3J4aRVE
🏆TOP Broker: lingridedu.com/brokerFXPro
🌎WebSite: lingrid.org
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.