It's more of a confluence to buy. giving us a clear entry into the trade
ALL EYES ON ME... We have a DOUBLE BOTTOM on the 1D AUDCAD with a reversal candle stick confirming the entry. We have a FALLING WEDGE on the 4H AUDCAD with a breakout of said pattern, confirming the entry.
The market continued after a falling flag correction....
We have a clear downtrend channel, of course a trendline incorporated. Fibonacci wave of 1.27%. this can be a big deal..
We have the following conforming to a direction... Break of Structure on the Bullish side An Ascending Triangle A Perfect Trend line at the 3rd Tourch Lastly, Retest of previous Support which confirms an entrying point...
Market rallying at 0.782 Fib Retracement, an expected bounce on the line...
Rejection on the support is taking us on a LONG entry
THE MARKET IS MASSIVELY BULLISH... I go LONG.....
Trend line obeyed by support turn resistance.... i go SHORT from here....
The Resistance turn Support is holding strongly... I go LONG from here....
On a LONG move It's of my opinion we're having a BULLISH bias on this pair... Feel free to add comments and lets discuss.
A Trend line in Conjunction with Support and Resistance on the 3rd touch of the TRENDLINE.... We HOP'N for a SHORT entry.
We have a very nice (3rd) touch on the TRENDLINE with a TRIBLE TOPS formation on the 3rd TOURCH
I expect a SHORT position TECHNICALLY....