FX:AUDCAD   Australian Dollar/Canadian Dollar
167 1 0
Price approaching to daily bearish trend line border.While checking left hand side of the chart we can see that previously price formed a strong supply area (0.9500 -0 .9545)planning to sell around 0.9500.Confluences are daily trend line + Round number (0.9500)+ strong supply area.Regarding to stop loss better to put above 0.9550.
negi_29
3 years ago
Economic news for CAD (employment change and unemployment rate) is negative.It may affect this short trade.Better to look for price rejection in shorter time frame and don't go for a large target.....good luck..
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