AUDCAD - Short opportunity from Daily Supply Zone

Jan 4, 2023

AUDCAD is Currently in a daily supply zone, so we expect this pair to trade lower for the coming few days or weeks.

Sellers will make their move now that we created a fake breakout to the upside, trapping many buyers into their positions.

Just entered a short position based on the 4H timeframe.
#Stoploss well above the high and #Takeprofit at a RR of 1:3

We will see what happens!

Jan 5, 2023

Note

Trade Update: We are curently running at 1% profit on this trade. Not taking any action yet. Will move my Stoploss to Break-Even when we hit that 2% mark and run 130 Pips in profit.