AUDCAD Sell Idea
W1 - Price moving inside a channel.
D1 - Triple cycle completed and we may expect the price to reach 50 Fibo retracement and a reversal to happen from there.
H4 Scenario 1 - We may expect a small correction and after that the price to reach the magnet zone and a reversal to happen from there.
H4 Scenario 2 - We may expect a reversal to happen from the zone where the price currently is.
It is always recommended to look for confirmations before we jump into a trade.
D1 - Triple cycle completed and we may expect the price to reach 50 Fibo retracement and a reversal to happen from there.
H4 Scenario 1 - We may expect a small correction and after that the price to reach the magnet zone and a reversal to happen from there.
H4 Scenario 2 - We may expect a reversal to happen from the zone where the price currently is.
It is always recommended to look for confirmations before we jump into a trade.
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