on H4: AUDCAD is overall bearish trading inside our blue channel and it is currently approaching a strong resistance level 0.94 in green so we will be looking for trend-following sell setups on lower timeframes.
On M30: AUDCAD is retesting our upper blue trendline from H4, so as price approaches our 0.94 resistance, we will be waiting for a third swing to form around our lower red trendline to consider it valid and sell on its break downward.
Bro i place sell order 0.94..is it right ar wrong ..please tell m urgent ..my lot too big
TheSignalyst
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@anujsharma00000, It is now a good to sell now. we always wait for our trigger and confirmation, which is after a momentum candle close below the last swing low.
meanwhile, until the sell is activated, this one is still overall bullish