AUD/CAD has retreated from its resistance level at 0.9636 and has retracted down to support level 1. Following this move, I anticipate one of the below scenarios to follow:
1. Price rejects at support level 1 and price reverts back up to the 0.9636 resistance level. If this occurs, I will wait for clear confirmation by a closed 4H bullish candlestick and will look to the MACD and RVGI for signs of a trend reversal.
2. Price breaks below support level 1 and reaches support level 2 in which price may reject at support level 2 and revert upward toward support 1 which may act as a new resistance level. If this occurs, I will wait for clear confirmation by a closed 4H bullish candlestick and will look to the MACD and RVGI for signs of a trend reversal.
1. Price rejects at support level 1 and price reverts back up to the 0.9636 resistance level. If this occurs, I will wait for clear confirmation by a closed 4H bullish candlestick and will look to the MACD and RVGI for signs of a trend reversal.
2. Price breaks below support level 1 and reaches support level 2 in which price may reject at support level 2 and revert upward toward support 1 which may act as a new resistance level. If this occurs, I will wait for clear confirmation by a closed 4H bullish candlestick and will look to the MACD and RVGI for signs of a trend reversal.
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.
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.