DatTong
Short

AUDCAD, H4: Downtrend forming on H1.

FX:AUDCAD   Australian Dollar/Canadian Dollar
AUDCAD , H4: Downtrend forming on H1.
- Structure: Minor downtrend
- Tendency: Downward
- Above support
=> Waiting break and confirmation=> Sell
Comment: There is no breakout yet, so still waiting for this trade
Comment:
Starting to move, wait for breakout and confirmation

Comments

The price is trying hard, may activate now!
Thank you Dat
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Thanks for your great tutorials and analysis.
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Hey!
...plus, we have broken the counter trendline, yes, it is pulled from the bodies to remove the market noise (huge wick) and probably it is not so accurate as it is from the wicks but still a good Selling setup and nice to see that You have the same bias!

All the best!
Cheers!
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I would market buy and take this trade if forced too.
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DatTong WhaleWatchersTrading
@WhaleWatchersTrading, the chart with 5M timeframe doesn't match with SL and TP perspective
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@DatTong, Now I am buying on the 1H chart with targets 200+ pips to the upside and stops 100pips to the downside1 about
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WOW. WELL SPOTTED BRO. AS ALWAYS.
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