Lingrid | AUDCAD sideways Price ACTION. Potential SHORT

24 Eki 2024

The price perfectly fulfilled my last idea. It hit the target level. AUDCAD created a lower high and formed a double bottom. Overall, the trend appears to be moving sideways on the 4H timeframe. I believe the market is forming a descending triangle pattern, which suggests that the double bottom may be retested. I expect the market to move higher toward the resistance zone that has been respected multiple times before, and potentially take liquidity above the psychological level at 0.92000 before moving downward. My goal is support zone around 0.91590

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

29 Eki 2024

İşlem kapandı: hedefe ulaştı

It hit the TP