1. Blue lines are drawn on 1d TF. Top tested
2. Green bottom line is drawn on 1w TF. Tested long time ago.
3. Red horizontal line is a open GAP, (if chart shows other wise cooment the picture). Need to closed.
4 Orange lines makes nice wedge, with top tested.
Summary. on big TFs AUDCAD is trading in a big falling wedge, with price testing top now. Not all GAPs are always closed, but this rising wedge on 4h makes me think that this will be.
Otherwise, trade safe and wash your hands!
2. Green bottom line is drawn on 1w TF. Tested long time ago.
3. Red horizontal line is a open GAP, (if chart shows other wise cooment the picture). Need to closed.
4 Orange lines makes nice wedge, with top tested.
Summary. on big TFs AUDCAD is trading in a big falling wedge, with price testing top now. Not all GAPs are always closed, but this rising wedge on 4h makes me think that this will be.
Otherwise, trade safe and wash your hands!
Trade safe!