Possible Sell Opportunities on AUDCAD
Looking at AudCad, this Aussie pair has a little different bias then the others. Zooming out to the daily timeframe, we could see that price has been creating solid downtrend structure and we are currently coming to a daily support level.
Now zooming into the 4H, we could see that price just keeps creating lower highs and lower lows effortlessly. If price manages to have a bearish impulse past the daily support level followed by a retest as potential resistance, I'll be looking for sell opportunities.
Now zooming into the 4H, we could see that price just keeps creating lower highs and lower lows effortlessly. If price manages to have a bearish impulse past the daily support level followed by a retest as potential resistance, I'll be looking for sell opportunities.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.