AUDCAD SHORT IDEA
Updated
The pair is currently above a strong Support and resistance area. Confirm the area from the weekly time frame. I expect the price to retest this area. If it closes below the support, I will be going in for nice long to the next support at 1.915 drawn from the weekly time frame. There I'll be a minor support zone below, if the price closes below that area, then those who didn't get into a trade have a second time to do so. A head and shoulder pattern may form before the downtrend begins.
It's best you understand the supply and demand zones.
Commitments of Traders by the CFTC is a an informative way to trade with the big banks (Non-Commercial traders) or trade against the speculators (commercial traders).
It's best you understand the supply and demand zones.
Commitments of Traders by the CFTC is a an informative way to trade with the big banks (Non-Commercial traders) or trade against the speculators (commercial traders).
Note
Correction:*I will be going in for nice short to the next support
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