Lingrid | AUDCAD short After REJECTION of the RESISTANCE zone

783
The price perfectly fulfilled my last idea. It hit the target level. AUDCAD is gradually pulling back toward the resistance zone and the upward trendline area. Overall, the market is making lower lows and lower closes on the 4H timeframe. After a significant bearish move, the price is currently positioned to retest the 50% retracement level of that decline. I anticipate that the market to reject the resistance zone and continue moving downward. My goal is support zone around 0.90700

Lingrid | AUDCAD sideways Price ACTION. Potential SHORT


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

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.