Market Instrument : AUDCAD
Timeframe: H4
Analysis: Technical
Structure: Support and Fib Retracement
Prediction: Bullish
On H4 timeframe price following a trend breakout and I have personally spotted a very important on the specified chart. Where we can see a continued drop towards the highlighted area and a bounce back if the supported area remains stronger as expected for another lift-off in prices for the AUDCAD pair. While I have adjusted the fib on the following bullish trend formed we can see that the 50-61% area is perfectly fitted with the picked up support.
Any bullish reversal formations identified on the support area can produce a good market opportunity...
Timeframe: H4
Analysis: Technical
Structure: Support and Fib Retracement
Prediction: Bullish
On H4 timeframe price following a trend breakout and I have personally spotted a very important on the specified chart. Where we can see a continued drop towards the highlighted area and a bounce back if the supported area remains stronger as expected for another lift-off in prices for the AUDCAD pair. While I have adjusted the fib on the following bullish trend formed we can see that the 50-61% area is perfectly fitted with the picked up support.
Any bullish reversal formations identified on the support area can produce a good market opportunity...