Good Morning Traders!
Allow me to share my expectation on AUDCAD, Current market has been consistently forming HH-HL indicating bullish momentum, last week we anticipated a mitigation of the internal structure POI, which swept LQ then resulted into a new HH being formed.
Well above all else structure comes first, currently the price is within a bullish leg and a valid POI with LQ just above it. we might see price rejecting from that point and attempt to form new highs (Keep in mind on how our structure has been slowly forming immediate HH-HL indicating loss of momentum/or what was referred to a rising wedge pattern) but if that fails we do expect a further decline to a discount level which is in confluence with our FIB tool, the market might attempt to form a swing HL after taking out a Swing HH.
Thank You
Allow me to share my expectation on AUDCAD, Current market has been consistently forming HH-HL indicating bullish momentum, last week we anticipated a mitigation of the internal structure POI, which swept LQ then resulted into a new HH being formed.
Well above all else structure comes first, currently the price is within a bullish leg and a valid POI with LQ just above it. we might see price rejecting from that point and attempt to form new highs (Keep in mind on how our structure has been slowly forming immediate HH-HL indicating loss of momentum/or what was referred to a rising wedge pattern) but if that fails we do expect a further decline to a discount level which is in confluence with our FIB tool, the market might attempt to form a swing HL after taking out a Swing HH.
Thank You
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.