AUDCAD Outlook
💹 Forex: [AUDCAD]
📉 Bearish Outlook:
AUDCAD has been breaking into new lows on our 5hr, 30m and 5m time frame.
Context time frame (5hr): Price has been surfing below the 10ema and is showing strength.
Context time frame (5hr): Price has brokeup and made a valid pullback into the 10ema and has showed a valid pullback.
Validation time frame (30m): Price is showing strength and surfing below the 10/50/200 EMAs.
Validation time frame (1D): Price has brokeup into the 10ema/50ema and has showed a valid pullback.
Entry time frame (5m): Price has brokedown below the 10ema/50ema and has showed strength.
Entry time frame (5m): I am interested in price if we can re-distribute by coming back to the 10/50ema and then get our entry setup.
Keeping an eye on this. 👁️
📉 Bearish Outlook:
AUDCAD has been breaking into new lows on our 5hr, 30m and 5m time frame.
Context time frame (5hr): Price has been surfing below the 10ema and is showing strength.
Context time frame (5hr): Price has brokeup and made a valid pullback into the 10ema and has showed a valid pullback.
Validation time frame (30m): Price is showing strength and surfing below the 10/50/200 EMAs.
Validation time frame (1D): Price has brokeup into the 10ema/50ema and has showed a valid pullback.
Entry time frame (5m): Price has brokedown below the 10ema/50ema and has showed strength.
Entry time frame (5m): I am interested in price if we can re-distribute by coming back to the 10/50ema and then get our entry setup.
Keeping an eye on this. 👁️
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