#AUDCAD: Bearish Setup
Price has been printing lower highs and lower lows for some time now
Price started making a Bullish rebound and broke out of the weekly resistance zone
But dropped sharply after testing the horizontal trendline, making it a False Breakout
I believe we would see a Bearish continuation to the downside
I'm Bearish Biased
Price started making a Bullish rebound and broke out of the weekly resistance zone
But dropped sharply after testing the horizontal trendline, making it a False Breakout
I believe we would see a Bearish continuation to the downside
I'm Bearish Biased
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.