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InkyGrip
Apr 26, 2023 4:57 AM

AUDCAD for a lower low? 🦐 

Australian Dollar / Canadian DollarFOREX.com

Description

AUDCAD on the 4h chart after the recent low resets the weekly resistance.
We can notice how the structure is at the 50% retracement of the previous bearish impulse.

The price has been rejected by the area and is now trading over a 4h support.
According to Plancton's strategy IF the pair will break below we can look for a nice short order according to the MTB strategy rules.

Comment

moving as expected
Comments
TheFxAce
yes and yes ✅
InkyGrip
@TheFxAce, thanks for your feedback! 🦐
FirstNameHelen
Wow, this is interesting. Your idea is mostly correct
InkyGrip
@FirstNameHelen, thanks so much
WalterMoon
Thanks for your technical analysis
InkyGrip
@WalterMoon, appreciate it
LegionQ8
thank you so much for hard work, we appreciate it
InkyGrip
@LegionQ8, you are welcome
KABHI_FOREX_TRADING
Perfect idea
InkyGrip
@KABHI_FOREX_TRADING, happy to hear that
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