- FXOPEN:AUDCAD faced the supply near the 0.88170-0.87990.
-Per the supply /deemand rule need to test multiple support lines again to cross the supply zone.
-If the price closed below the MSL, there is a chance to test the previous swing low.
-Recommended that wait for a long near MSL and SL should be 0.87139, and TP is the supply zone.
-If long scenarios do not...
FX:AUDCAD
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....
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.9305).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AUDCAD is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which...
