FX:AUDCAD   Australian Dollar/Canadian Dollar
Now Price is moving and touched the supply area and begin to bullback again , so we wait for strong bearish candle to confirm the reversal again.
Confluences:
1-Price is moving below EMA 200 at 4H and Daily chart.
2-Tha primary trend is downward so we are searching for sell orders only below the identified supply area which has been touched and respected by price more times.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.