BhatiaRushabh

Retracment Trade for AUDCAD

Short
OANDA:AUDCAD   Australian Dollar/Canadian Dollar
Here we can see a high time frame resisting trendline . It is inviting sellers to go up side . But as it has travelled a lot it needs a retracment to move again . We should wait for breakout and be sideways to make sure a retracment. It would be a great 1:4 risk reward trade . I hope you guys would my analysis. Thank you
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