AUDCAD Failed to continue lower, reversal bullish price action
已更新
Hi traders:
Closely looking at AUDCAD for the bullish reversal price action.
We can see after a strong bearish impulse down from my previous outlook, price begin to form a parallel channel structure.
Wee see price manage to form one more correction and push down, but failed to continue lower with any continuation corrections.
Instead, a false breakdown, and a strong bullish reversal impulse phase start on the lower time frame.
This is good indication that the bearish momentum is exhausted, and the price form LTF bullish price action, could start off the reversal in the next few days.
Latest price did form a Inverse Head and Shoulder, and once right should completes, and expect the bullish impulse phrase to continue to the next swing highs.
Thank you
註釋
Watching for bullish correctionnext week for possible entry
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。