AUDCAD Weekly Forecast

23 มิ.ย.

Hello Traders!

"Regardless of what you are going through, you still have to show up and remain consistent to your vision"-Inspired by Fx Jordan (Jordan Martinez)

This week I am keen to see AUDCAD giving us that market structure shift after tapping into our MTF-POI and grabbing liquidity. Those who love patterns can agree with me when i say the price has been quickly forming HH-HL on lower timeframes which is noted as a raising wedge indicating a potential shift of structure if it occurs at a resistance level. We have already seen a major bearish pressure after price failed to take out previous higher high.
On 4H chart i am expecting to see internal structure forming LL-LH providing us with scaling opportunities.

can we see a shift in structure this week? and will that shift in structure mark a new bearish market for AUDCAD?. Well no one knows for sure so let us see what the week gives us!

Please note:
Traders don't forget to review your economic calendar even if you are not a fundamental trader but the key is to stay informed not obsessed.

Thank you!