Lingrid | AUDCAD breakout and RETEST trade

4 sept. 2024

The price perfectly fulfilled my last idea. AUDCAD has broken and closed below the consolidation zone. The price is currently testing the resistance level around 0.91200, and it appears to be pulling back toward this level for a retest. The market is making lower lows and lower closes, which indicates a bearish dominance. I anticipate a break and retest scenario, where the price may pull back to test the resistance before potentially moving lower. This is a critical point to watch, as it could confirm the continuation of the bearish trend if the level holds. My target is support level at 0.90775

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

5 sept. 2024

Trade fermée: cible de profit atteinte

perfectly played out