AUDCAD Reversal Price Action, Watch for Buy
Updated
Hi everyone:
AUDCAD is currenting in the larger descending structure that have potential to have bullish reversal price action opportunity.
We can see the larger descending structure, correcting the price since the previous bearish impulse phase.
With a few swing highs and lows, price has been consolidating within.
The latest development is showing us a smaller, lower time frame descending channel, and a strong bullish impulse phase breaking to the upside.
Watch for bullish continuation correction as a confirmation to look for the next buy to the top of structure.
thank you
DISCLAIMER:
-My forecast and analysis are NOT financial advice, you should not trade and invest solely on this information.
Comment
Higher time frame: Comment
Price indeed form the bullish continuation correction that we are looking forComment
Comment
Price almost at the highs of structure, watch for developmentComment
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