AUDCAD BUY LIMIT Trade Idea (26th April 2024)

AUDCAD Trade Analysis

On the 4 hour timeframe, we are in a WCR, where we have a very strong support and resistance creating a nice range.

Both the support and resistance have multiple different taps on them, showing that these are key areas where price are rejecting off.

For the coming week, i am expecting price action the come lower, to test the support which is where i will be looking for BUYS.

As long the range is larger than 100 pips, the range is valid and is highly likely to play out.