AUDCAD SHORT

Monthly



Overall sentiment Bullish, I'm expecting price to continue lows having come of a tweezer top candle formation last month with price failing to close above this resistance level at 0.9375 for 2 years now with almost identical PA coming of those very highs. we have EMA support which if breached will be further confluence for big move to the downside.



Weekly



Overall sentiment Bullish, although looking at PA in the bigger picture it seems bullish with price closing below my AOI and dynamic ema resistance I feel there is a chance we can get a ema crossover if PA continues bearish for the early part of next week with aims to fill out previous weekly candles wick. On the other hand any significant change of character or bullish formations or closes above 0.9200 key level and just above previous weekly highs would be a signal of a reversal.




Daily



Overall bearish PA producing LH & LL, I like this daily chart as PA is ver simplified along with LL/LH we have price consistently rejecting AOI at 0.9170 this area is now acting as a resistance whereas it was previously support for the month of October, further confluence is 50 Ema dynamic resistance and weekly fib 0.618 level holding.



4hr + Entry



Overall bearish with somewhat clean PA to the downside, outlooks similar to daily with ema, fib and PA confluences ill await 4hr bearish close somewhere below 0.9160 to execute shorts




This was the analysis I mentioned in previous video where I stated I believe I may prefer this over AUDCHF Shorts

If you find this analysis helpful or even if you oppose it pls like or comment would be good to hear your feedback! ;)
All Technical analysis is for journaling purposes.