Possible AUDCAD short for week of 5/5 - 5/10

Price closed for the week below last week's low. I'll be looking to short this pair around last week's low of 0.94385 using a 4H chart.

Once price returns to 0.94385, I'll begin watching a 4H chart for a candle to close below a previous candle's low.

If this occurs, I will be looking to short the previous 4H candles low using levels on the 1 minute time frame.

Commentaire:

Here's a look at the current 4H chart for this pair.