AUDCAD short, for 26 pips

5 déc. 2021

3 confluences: BOS and retracement on Weekly as well as 4H. Trendline breakout, leading into a series of LL's and LH's being made, providing clean structure. Close support from the 20, 50, 100, and 200 EMA's. Was a valid and good entry, however banks pushed price up to target liquidity only so a bigger move to the downside could be made. Also entered on a breakout/ bearish engulfing candle.