AUDCAD Long - Multiple Time Frame AnalysisMonthly Time Frame
Price made a bearish push until it closed as a doji candlestick found support at the weekly demand zone then made a bullish push
After the bullish push price met resistance at a weekly supply zone ultimately forming a high. Price then began to sell off (retrace).
Weekly Time Frame
Price met resistance, formed a double top, and closed as a doji followed by a bearish engulfing signaling a selloff.
During the sell-off (retracement) price found support at the 61.8 fib level and closed as doji candle stick signaling a potential reversal.
4Hour Time Frame
I am anticipating price forming a double bottom as a candlestick reversal pattern.
I am expecting a bullish push to 0.895
