Hey guys here you can see in AUDCAD pair has created Head and Shoulder pattern in 4HR time frame if the neck line is broken and if it gives retest at the neckline level, Then we can plan for selling side. Plan your trade accordingly....
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AUDCAD ready to breakout
Audcad running on range position breakout resistance level if breakout with good bullish candle then waits some retrace and take a long trade as we mark on chart
Alternative Scenario If market close below short term support level then it will bearish trend and take short position after breakout short term support level
"Always trade with...
We are doing AUDCAD Analysis in Daily Time frame
AUDCAD right Following Down Channel pattern You can try to Buy After Break of the Channel pattern you can But Take profit on previous High point and Stop area below the previous low.
We need to wait for a breakout then think to buy and use Take profit and Stop loss.
Note: This is only for Educational Purpose...