Lingrid | AUDCAD sideways Price ACTION. Potential SHORT

2024年10月24日

The price perfectly fulfilled my last idea. It hit the target level. AUDCAD created a lower high and formed a double bottom. Overall, the trend appears to be moving sideways on the 4H timeframe. I believe the market is forming a descending triangle pattern, which suggests that the double bottom may be retested. I expect the market to move higher toward the resistance zone that has been respected multiple times before, and potentially take liquidity above the psychological level at 0.92000 before moving downward. My goal is support zone around 0.91590

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

2024年10月29日

交易結束：目標達成

It hit the TP