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Bullishaud

AUDCAD Long - Multiple Time Frame AnalysisMonthly Time Frame Price made a bearish push until it closed as a doji candlestick found support at the weekly demand zone then made a bullish push After the bullish push price met resistance at a weekly supply zone ultimately forming a high. Price then began to sell off (retrace). Weekly Time Frame Price met resistance, formed a double top, and closed as a doji followed by a bearish engulfing signaling a selloff. During the sell-off (retracement) price found support at the 61.8 fib level and closed as doji candle stick signaling a potential reversal. 4Hour Time Frame I am anticipating price forming a double bottom as a candlestick reversal pattern. I am expecting a bullish push to 0.895
Long
by NoCeilingsTrading