The price perfectly fulfilled my last idea. It hit the target. AUDCAD made an impulse leg downward. The market broke and fixed below the range zone. The pullback was rejected at the resistance zone by forming a long-tailed bar. I expect a bearish trend to continue because price action has made lower swing highs and lows, and sellers are pushing the market lower. On the daily timeframe, it bounced off the strong resistance and moved lower. I think the market will retest the equal lows. My target is the support at 0.88200
Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩💻