FX:AUDCAD   Australian Dollar/Canadian Dollar
W1 - Price moving inside a channel.

D1 - Triple cycle completed and we may expect the price to reach 50 Fibo retracement and a reversal to happen from there.

H4 Scenario 1 - We may expect a small correction and after that the price to reach the magnet zone and a reversal to happen from there.

H4 Scenario 2 - We may expect a reversal to happen from the zone where the price currently is.

It is always recommended to look for confirmations before we jump into a trade.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.