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CaitlinAmanda
Apr 6, 2021 9:34 AM

Possible sell setup for AUDCAD Short

AUD/CADOANDA

Description

- Price broke out of a weekly sell support and has been in a sell since February 2021.

- Price recently broke out of my 4hr sell resistance but seems to be breaking back under that trend line to continue with it's sell momentum.

- I'm waiting for price to break below the 1hr support zone I have highlighted and I am looking to take the sell after a retest of that level. My target will be the previous lower low of the 4hr chart.
Comments
itailergadgetstrading
good analysis.. it went the other wayaround.. :)
CaitlinAmanda
@itailergadgetstrading, Yes indeed. I was waiting on price to break and retest that level which didn't happen so no trade was taken.
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