Patternception
AUDCAD AnalysisPrice currently resistance area and maybe will have some rejection from this level.
Price also start to make LH and LL as an early indication of a trend change.
For the RSI, we can see that it has broken below level 50 and during an uptrend it has never been broken below level 50.
And this could be a sign of a decline.
However, we still have to respect the decision zone because we will focus more on price action.
this level will probably be the last barrier.
If this zone is successfully broken, we can sell.
USDCAD Speculative BuyThis setup is speculative buy.
As we know the price still downtrend and already break previous support.
but we have one big bullish candle engulf 4 previous candles.
This could become a false break
RSI also show a bullish divergent.
reduce your lot size as this is a speculative buy
USDCHF Buy Setupon the weekly timeframe we can see a bullish engulfing formation in the weekly support area
and on the daily timeframe, price has also broken the trendline which is strengthened by a bullish divergent on the RSI
and this gives us an indication and an opportunity to buy.
wait some correction before jump into buy position. orange lines will be our targets