AUDUSD Short position for correction then try for Long position
I want to know, What is your idea for next couple weeks on USDCAD? And what is your opinion on my idea?
Despite the divergence in the four-hour and daily timeframes, the price is expected to break its previous resistance soon and reach the range of 1,200, but currently the CCI indicator is in the saturation range, so first we expect the price to fall slightly. And then continue to increase.
It looks like downtrend will continue to daily support line, also divergence appear on CCI indicator, so I prefer short position for next week. The 🐻 still have a power more than 🐂.