AUDCAD pair is looking obvious for trend reverse
We are looking audcad for trend reverse pattern BUT we need more proofs then only picture. We are giving you away possible options.
Trend description
Trend way hasn't reverse yet. Price is at first testing perioud. The question is: Are we going to continue sell?
If price will follow one of breaking options, your job as Elite trader is to focus at breaking spots and momentum story.
1. Option Buyers are going to test lower low straight away
2. Option, might happen with strong volume from sellers side - use our Elite indicator tool and follow momentum story
3. Option - Buyers might push price even higher. If this is going to happen, do not trade this until first resistance level is broken and retraced.
Trending: Possible sell reverse. Still at decision zone.
If trend will reverse, then price could go much lower then you could imagine.
Thank you for following us
Don't miss our every day analysis. Also do not miss AUDJPY D1 analysis from yesterday *
Elitefxacademy
Trend description
Trend way hasn't reverse yet. Price is at first testing perioud. The question is: Are we going to continue sell?
If price will follow one of breaking options, your job as Elite trader is to focus at breaking spots and momentum story.
1. Option Buyers are going to test lower low straight away
2. Option, might happen with strong volume from sellers side - use our Elite indicator tool and follow momentum story
3. Option - Buyers might push price even higher. If this is going to happen, do not trade this until first resistance level is broken and retraced.
Trending: Possible sell reverse. Still at decision zone.
If trend will reverse, then price could go much lower then you could imagine.
Thank you for following us
Don't miss our every day analysis. Also do not miss AUDJPY D1 analysis from yesterday *
Elitefxacademy
Related publications
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.