Lingrid | AUDCAD sideways Price ACTION. Potential SHORT
The price perfectly fulfilled my last idea. It hit the target level. 
AUDCAD created a lower high and formed a double bottom. Overall, the trend appears to be moving sideways on the 4H timeframe. I believe the market is forming a descending triangle pattern, which suggests that the double bottom may be retested. I expect the market to move higher toward the resistance zone that has been respected multiple times before, and potentially take liquidity above the psychological level at 0.92000 before moving downward. My goal is support zone around 0.91590
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
AUDCAD created a lower high and formed a double bottom. Overall, the trend appears to be moving sideways on the 4H timeframe. I believe the market is forming a descending triangle pattern, which suggests that the double bottom may be retested. I expect the market to move higher toward the resistance zone that has been respected multiple times before, and potentially take liquidity above the psychological level at 0.92000 before moving downward. My goal is support zone around 0.91590Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Trade closed: target reached
It hit the TP
💰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
Related publications
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
Related publications
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.