AUDCAD Reversal Underway, H4 Levels to Watch
Updated
- As we transitioned to the month of December, price failed to breach a previous high at a structural level.
- Daily TF will be attached below, but we're seeing price continued to hold resisted.
- This particular recent level provided a rejection signal that price was unable to sustain when it attempted to trade higher. Bit of illiquidity going on as bids quickly exhausted.
[Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions.]
Note
Daily level:The bullish bars are largely just a pullback.
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