POTENTIAL LONG TRADE SET UP FOR AUDCAD
Analysis: Utilizing chart patterns, highs & lows, and impulses & corrections, the focus is on identifying a continuation corrective structure following a breakout.
The price has approached a previous swing low zone on the higher time frame (HTF) while moving within a descending channel. On the Mid time frame (MTF), an upward breakout from the descending channel has occurred. We will now monitor for a continuation structure to identify a potential entry point for the trade.
Expectation: A upward move is expected, with the target set at the top of the descending channel structure.
⚠️ Reminder: Always conduct your own analysis and apply proper risk management, as forex trading involves no guarantees. This is a high-risk activity, and past performance is not indicative of future results. Trade responsibly!
The price has approached a previous swing low zone on the higher time frame (HTF) while moving within a descending channel. On the Mid time frame (MTF), an upward breakout from the descending channel has occurred. We will now monitor for a continuation structure to identify a potential entry point for the trade.
Expectation: A upward move is expected, with the target set at the top of the descending channel structure.
⚠️ Reminder: Always conduct your own analysis and apply proper risk management, as forex trading involves no guarantees. This is a high-risk activity, and past performance is not indicative of future results. Trade responsibly!
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.