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UnknownUnicorn3974120

78.6 Retracement

Long
Australian Dollar/Canadian Dollar (FX:AUDCAD)  
UnknownUnicorn3974120  
FX:AUDCAD   Australian Dollar/Canadian Dollar
Support and Resistance Trend Lines Multiple Time Frame Analysis
5
0
supportandresistance trendline mtfa
Weekly
- price is bearish

Daily
- Price in uptrend
- RSI in up trend
- strong structure at 1st TP.

4hr
- Structure marked
- Forming triangle
- RSI is bullish
- price is bullish


1hr
- price at 78.6 retracement
- RSI is bullish
- price is bullish
- respecting trendline


Further considerations
- Whilst price may make small bullish move to structure I will be curious if it can break structure or reverse and follow the weekly trend.
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