Lingrid | AUDCAD Choppy Market. Potential SHORT from RESISTANCE

١٧ ديسمبر

The price perfectly fulfilled my last idea. It hit the target. AUDCAD is currently moving sideways, indicating a choppy market. On the weekly timeframe, the last candle is a large doji, which signifies indecision in the market. Currently, the price is pulling back towards the resistance zone at 0.91000, following a bearish impulse leg. I think there is a likelihood that the price will bounce off both the psychological level and the upward trendline. It’s possible that the market might briefly push above the range zone to take liquidity before moving lower to retest the bottom of the range. My goal is support zone around 0.90100

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻