Lingrid | AUDCAD losing BULLISH momnetum. Short

13 ส.ค.

The price perfectly fulfilled my last idea. AUDCAD is making higher highs on the 1H. However, it's important to note that there appears to be a decrease in bullish momentum, flattening slope of the upward movement. As the market heads toward the weekly resistance, the upper border of the channel, and the psychological level at 0.9100, it will be essential to watch how price reacts in this area. The price has previously bounced off from this zone, a retest of the support level is likely, especially since the daily timeframe shows the market has reached key resistance. If the market forms a rejection candle, it may indicate a reversal or a deeper correction. My target is support level at 0.90320

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