AUDCAD - Key area
Updated
Keeping an eye on this strong support area on AUDCAD
We could have a breakdown of this area or a bounce upwards. I'm looking for price action to confirm the direction of the market.
If we can get a strong close below the 0.94350 area (a BEOB) I would hold a bearish bias; if we were to see a pin bar or BUOB I would hold a bullish bias.
We could have a breakdown of this area or a bounce upwards. I'm looking for price action to confirm the direction of the market.
If we can get a strong close below the 0.94350 area (a BEOB) I would hold a bearish bias; if we were to see a pin bar or BUOB I would hold a bullish bias.
Note
If this bar can form a pin bar there might be a potential setup!
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.