AUDCAD - Short opportunity from Daily Supply Zone
Updated
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!
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!
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.
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