AUDCAD is trading in descending parallel channel and consistently printing LH and LLs.
As the price has reached to resistance area its nice place for bears to attack and print new LL.
Resistance area has shown good sell pressure and it is making strong red candles.
What you guys think of this idea?
As the price has reached to resistance area its nice place for bears to attack and print new LL.
Resistance area has shown good sell pressure and it is making strong red candles.
What you guys think of this idea?