AUDCAD H4 - SHORT
Prices may have turned from an uptrend to a downtrend, with the breakdown of a major swing low, with prices creating lower swing highs and lower swing low currently.
The area we are interested in would be the resistance level @0.98000, potentially creating a lower swing high.
Look for bearish price action and depletion of bullish momentum on the way up before taking a SHORT towards previous low.
Prices may have turned from an uptrend to a downtrend, with the breakdown of a major swing low, with prices creating lower swing highs and lower swing low currently.
The area we are interested in would be the resistance level @0.98000, potentially creating a lower swing high.
Look for bearish price action and depletion of bullish momentum on the way up before taking a SHORT towards previous low.