AUDCAD Trade Analysis
On the 4 hour timeframe, we are in a WCR, where we have a very strong support and resistance creating a nice range.
Both the support and resistance have multiple different taps on them, showing that these are key areas where price are rejecting off.
For the coming week, i am expecting price action the come lower, to test the support which is where i will be looking for BUYS.
As long the range is larger than 100 pips, the range is valid and is highly likely to play out.
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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.
🌍Telegram | t.me/callistofx
📺Youtube | youtube.com/@callistofx
📷Instagram | instagram.com/callisto_fxtrades/
📺Youtube | youtube.com/@callistofx
📷Instagram | instagram.com/callisto_fxtrades/
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.