AUDCAD $AUDCAD - Apr. 18th, 2024

AUDCAD AUDCAD - Apr. 18th, 2024

BUY/LONG ZONE (GREEN): 0.88750 - 0.89550
DO NOT TRADE/DNT ZONE (WHITE): 0.88500 - 0.88750
SELL/SHORT ZONE (RED): 0.87850 - 0.88500

Weekly: DNT (at last week's close it was labeled bullish, with current momentum it's DNT)
Daily: Bearish
4H: Bearish

AUDCAD has broken done into the next zone.

This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
EDUCATIONAL/ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!

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Trade closed: target reached:

AUDCAD has reached the bottom of the bearish zone.

1H View:

Comment:

Price has retested the top of the bearish zone before rejecting back downwards.

1H View:

Comment:

After falling all the way through to the bottom of the bearish zone, price has rallied back up, through the DNT zone, and into the bullish zone.

1H View: