AUDCAD – Is the Downward Impulse Wave Coming to an End?
It appears that the 1-5 impulse wave is reaching its final stages. However, in corrective structures, it's common to see waves like W-Y, W-Z, or extended patterns that mimic impulse waves.
For that reason, it's crucial to wait for a confirmed break of the descending trendline before considering a reversal or entry. Patience and confirmation are key. 🔍📉
For that reason, it's crucial to wait for a confirmed break of the descending trendline before considering a reversal or entry. Patience and confirmation are key. 🔍📉
Trade closed: target reached
💼 Professional market insights & charts:
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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.
💼 Professional market insights & charts:
cakirinsights.com/
cakirinsights.com/
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.