Hello guys, in this technical analysis, I want to recall that AUD/CAD is into the bullish trend, but now, from few days we have a bearish BAT, so, look below:
In Daily timeframe, we are in the in this BAT, and so, it's neccesary a correction before to continue up the price.
In H1 timeframe, we are in the bearish BAT, and so, this is a good signal to put in short position.
And as reference, RSI it's show that this par doesn't have force to continue, and if using the price action in H4 timeframe, we can see that. And also, we are in the supply zone mark in yello, so, the moment of sell is inminent.
In Daily timeframe, we are in the in this BAT, and so, it's neccesary a correction before to continue up the price.
In H1 timeframe, we are in the bearish BAT, and so, this is a good signal to put in short position.
And as reference, RSI it's show that this par doesn't have force to continue, and if using the price action in H4 timeframe, we can see that. And also, we are in the supply zone mark in yello, so, the moment of sell is inminent.
Trade closed: stop reached
Also, was manipulation as EUR/USD, because, now AUD/CAD is now to trend now. so. I concluded that I make a good job, but it's very important for me as practice to know all manipulations what institutionals make.
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.
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.