CADNZD H4 SHORT PRICE ACTION FORECAST

٢٢ يوليو ٢٠٢٠

With the price action approaching an old support level from last year's April, we could expect a pullback before getting enough force to continue its downward movement.

To the previous demand zone, this pullback will encounter a short entry to capture the bearish momentum ahead.

The order:
Type: sell-limit
S/L: 41 pips - R:R | 1:3 -
T/P: aiming towards the previous high from the right shoulder formation happened last month

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