The price perfectly fulfilled my last idea. 
AUDCAD has pulled back sharply after forming a top at 0.8943 and is now approaching confluence support near the intersection of an upward trendline and horizontal zone around 0.8850. Price is showing early signs of stabilization, suggesting potential for a bullish reaction if the zone holds. A rebound from here could target the 0.8895 resistance level.
📈 Key Levels
💡 Risks
AUDCAD has pulled back sharply after forming a top at 0.8943 and is now approaching confluence support near the intersection of an upward trendline and horizontal zone around 0.8850. Price is showing early signs of stabilization, suggesting potential for a bullish reaction if the zone holds. A rebound from here could target the 0.8895 resistance level.📈 Key Levels
- Buy zone: 0.88500–0.88600
- Buy trigger: bullish engulfing above 0.88650
- Target: 0.88955
- Sell trigger: break below 0.88260
💡 Risks
- Loss of trendline support opens downside to 0.88260
- Price may retest lower support before rebounding
- Resistance near 0.8895 could cap recovery bounce
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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🌎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.