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!