AUDCAD Break & Retest

١١ يناير ٢٠٢٢

AUDCAD is in a long downtrend. While trading with the trend, (on the 4hr timeframe) AUDCAD has made a consolidation, broken through it and is now retesting it.
On the 1hr timeframe, AUDCAD has made a double top.
Entry on red candle. Stops above support zone.
Targeting the next demand zone for a 1:3 RR.
Moving stop to break even at 2 RR.

Give this idea a like if you agree with this trade:)