AUDCAD possible setup
*The triple bottom chart pattern typically follows a prolonged downtrend where bears are in control of the market.
*There is an existing downtrend.
*The three lows are roughly equal in price or rather at the same zone, we can see this from the horizontal trendline
*The volume drop from the 2nd touch at the resistance level could be a sign that bears are losing strength.
expecting price to push further up as the price breaks through the final resistance.
*There is an existing downtrend.
*The three lows are roughly equal in price or rather at the same zone, we can see this from the horizontal trendline
*The volume drop from the 2nd touch at the resistance level could be a sign that bears are losing strength.
expecting price to push further up as the price breaks through the final resistance.
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