👩🏽💻Technical: The AUDCAD is moving within a daily channel, which seems to show some selling power building up. On the 1-hour chart, there's an M pattern taking shape, but it's not confirmed yet since the neckline isn't fully broken.
🎯 For an ideal entry: I recommend patiently waiting for the price to demonstrate strong selling momentum by fully breaking the neckline. That way, you'll know the chart pattern is valid and ready to be entered. Otherwise, no entry.
🎯 For an ideal entry: I recommend patiently waiting for the price to demonstrate strong selling momentum by fully breaking the neckline. That way, you'll know the chart pattern is valid and ready to be entered. Otherwise, no entry.
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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.