Hey traders,
Today, let's talk about AUDCAD. The market is currently moving downwards, and it's near the major weekly structure demand zone. This area is where we may see the market finding support and potentially showing some bullish reaction toward the upside.
Adding more weight to our analysis, we have a key market level of 0.8900 that further increases the probability of this setup.
To get a better chance at a successful trade, we need to look for confirmation on the lower time frame before taking an entry.
Keep in mind we have major news coming this week, and a lot can change
Don't forget to follow and like this post for more exciting trading insights. Let me know your thoughts in the comments below! 🚀
Today, let's talk about AUDCAD. The market is currently moving downwards, and it's near the major weekly structure demand zone. This area is where we may see the market finding support and potentially showing some bullish reaction toward the upside.
Adding more weight to our analysis, we have a key market level of 0.8900 that further increases the probability of this setup.
To get a better chance at a successful trade, we need to look for confirmation on the lower time frame before taking an entry.
Keep in mind we have major news coming this week, and a lot can change
Don't forget to follow and like this post for more exciting trading insights. Let me know your thoughts in the comments below! 🚀
