AUD/CAD, 4HR, SHORT
Hi Traders,
Price is at a previous support and resistance level which has been tested multiple times and bearish trend line confluence right at the support and resistance level after a retracement of 50%. Wait for a bearish engulfing candle and an entry can be made when the markets open after weekend.
The targets can be booked at the next support level 0.9978.
GOOD LUCK!!
LIKE AND FOLLOW FOR MORE OF MY ANALYSIS.
Price is at a previous support and resistance level which has been tested multiple times and bearish trend line confluence right at the support and resistance level after a retracement of 50%. Wait for a bearish engulfing candle and an entry can be made when the markets open after weekend.
The targets can be booked at the next support level 0.9978.
GOOD LUCK!!
LIKE AND FOLLOW FOR MORE OF MY ANALYSIS.
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