The clearest trend exists on the 14 day timeframe, which shows price moving down over that time.
This is the 2nd consecutive hour audcad has seen its price head up.
I expect audcad to go up to complete this correction before moving down.look for buy setups.please follow me and like if you agree or this idea helps you out in your trading plan.disclaimer: this is just an idea.
This imputes a buy/sell ratio of 0, which is quite bearish.
It’s been a feast for bears operating on an hourly timeframe, as audcad has now gone down 4 of the past 5 hours.
Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
This move is a reversal from the hour prior, which saw price move down.
The clearest trend exists on the 90 day timeframe, which shows price moving down over that time.
Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
Price action traders may also wish to note that we see a pin bar candlestick pattern on audcad.