AUDCAD potential downside opportunity
Updated
Having traded in the channel, AUDCAD has "completed" retracement to clear the IMB and so far respecting the upper TL. Looking for shorts with confirmations at LTF BOS.
Note
unfavourable reaction at the level. looking at the next 2 resistance level for downside reaction before enteringNote
looks like a LTF 1H BOS downside formed. A short limit order can be considered at fib levels with confluenceTrade closed: target reached
tp1 can be taken at this area
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.