AUDCAD PRE-MARKET FORECAST
Probable: There is a high probability of the the market continuing bearish as we have a Head & Shoulder, Bearish Flag and the market Broke the HL and retested it (the grey zone). Then the market broke the bearish flag support and it had come from retesting the BOS before closing Friday.
On the daily you can see that we are in a bearish trend below:
Possible: The market could turn by the dash line and form double bottom before continuing bullish.
On the daily you can see that we are in a bearish trend below:
Possible: The market could turn by the dash line and form double bottom before continuing bullish.
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.