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FinancialGamblR

AUDCAD Reversal Underway, H4 Levels to Watch

Short
Australian Dollar/Canadian Dollar (OANDA:AUDCAD)  
FinancialGamblR Updated   
OANDA:AUDCAD   Australian Dollar/Canadian Dollar
Support and Resistance Supply and Demand Multiple Time Frame Analysis AUDCAD aud CAD short audcadshort audcadbearish priceaction levels
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supportandresistance supplyanddemand mtfa audcad aud cad short audcadshort audcadbearish priceaction levels
  • As we transitioned to the month of December, price failed to breach a previous high at a structural level.
  • Daily TF will be attached below, but we're seeing price continued to hold resisted.
  • This particular recent level provided a rejection signal that price was unable to sustain when it attempted to trade higher. Bit of illiquidity going on as bids quickly exhausted.



[Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions.]
Comment:
Daily level:

snapshot

The bullish bars are largely just a pullback.
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