Primed for reversal AUDCAD
Double bottom has formed on the D1 tf, with a Bullish Gartley completion.
Last 4 candles on the 4hr tf are Bullish Pinbars, with the last one forming at the
resistance zone, RSI is at oversold, signifying a strong bullish momentum.
The strong bullish momentum is clearly evident on the lower tf. With the last candle
being a strong bullish engulfing candle, totally engulfing the last 3 bears.
Down at the 15/30m tf, a inverse Head and Shoulders can be spotted as well as the EMA8
crossing the EMA13 on the upside further confirming the imminent reversal.
Although price is below the 200EMA, signalling a downtrend market, all indication are in for a
reversal. Completed Gartley, Pinbars, Head and Shoulders and an Oversold RSI all points for a
market reversal. Look for entry once the price closes above resistance.
Last 4 candles on the 4hr tf are Bullish Pinbars, with the last one forming at the
resistance zone, RSI is at oversold, signifying a strong bullish momentum.
The strong bullish momentum is clearly evident on the lower tf. With the last candle
being a strong bullish engulfing candle, totally engulfing the last 3 bears.
Down at the 15/30m tf, a inverse Head and Shoulders can be spotted as well as the EMA8
crossing the EMA13 on the upside further confirming the imminent reversal.
Although price is below the 200EMA, signalling a downtrend market, all indication are in for a
reversal. Completed Gartley, Pinbars, Head and Shoulders and an Oversold RSI all points for a
market reversal. Look for entry once the price closes above resistance.
Nota
AB=CD completion further supports probability of reversal.
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.