The price perfectly fulfilled my last idea. 
AUDCAD is rebounding from a strong support area after a fake break below 0.88805 and is now moving toward the descending trendline. The price is expected to test the swap zone near 0.89421, where prior support may flip to resistance. This setup favors a SELL scenario from the lower high structure within the flag and downtrend. A rejection from the trendline could resume the bearish continuation back toward support.
📌 Key Levels
💡 Risks
AUDCAD is rebounding from a strong support area after a fake break below 0.88805 and is now moving toward the descending trendline. The price is expected to test the swap zone near 0.89421, where prior support may flip to resistance. This setup favors a SELL scenario from the lower high structure within the flag and downtrend. A rejection from the trendline could resume the bearish continuation back toward support.📌 Key Levels
- Sell zone: 0.89421 – 0.89500
- Buy zone: 0.88805 – 0.88600
- Target: 0.88805
- Invalidation: Break and close above 0.89550
💡 Risks
- Bullish breakout through the descending trendline
- Sharp reversal from macroeconomic news
- Short-term consolidation above 0.89100 weakening momentum
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.