GBP/AUD Broke The Major Supp Can We Have A Sell Setup ?!there is this minor support that exists on the daily and the 4h timeframe
The support is broken aggressively to the downside which leads to a bearish movement
We need to see a daily candle closure under the support to be sure it will go to the downside
if we have the closure you set a sell limit trade from the support to have a smaller stop loss or enter directedly
Wealthfactory
Rectangle Pattern In EUR/CAD With Tutorial On How To Trade It Rectangle pattern Consists of
Up trendline + strong resistance
in order to know where the price will go next just check where the price will break first
* if the resistance is broken : you can wait for a good retest and enter a buy trade as this will help in having a small stop loss
* if the tendline is broken also wait for a retest to enter sell or you can wait for the final higher low to be broken to confirm the movement to the downside