Pair: AUDCAD
Timeframe: 1H , 4H
Analysis: Round number level, trend line, volume profile, support and resistance, descending triangle pattern
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Key Takeaway: Alot of bullish momentum for AUD as it is altogether, we are at a critical level of reaction at the moment by the top of our descending triangle. We are looking for a close above this level on the 4H chart, a re-test would also give us the perfect confirmation we need to enter long
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Level needed: need a close by 0.89635
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Trade: Long
RISK:REWARD 1:9
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Timeframe: 1H , 4H
Analysis: Round number level, trend line, volume profile, support and resistance, descending triangle pattern
—————
Key Takeaway: Alot of bullish momentum for AUD as it is altogether, we are at a critical level of reaction at the moment by the top of our descending triangle. We are looking for a close above this level on the 4H chart, a re-test would also give us the perfect confirmation we need to enter long
—————
Level needed: need a close by 0.89635
—————
Trade: Long
RISK:REWARD 1:9
—————
DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION