Price is facing bearish pressure from our first resistance in line with our descending trend line where we could see a reversal below this level.
The AUDCAD has completed its first trend changing pattern to the downside, as we know it takes a great deal of time and efforts for a trend to change. So we expect another attempt at the High before we can see the second TCP. Right now we want to buy or do nothing in the AUDCAD.
Hello traders, here is the trade plan for AUDCAD. For trade entry details please refer to the chart. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
AUDCAD BUY SWING TRADE SETUP. Please manage your risk. Use Stop loss. And do not take blind entries. If you have a question let me know. If you want to analyze any pair let me know. This is just an idea. What we see. The Market can go in the opposite direction, what we analyze. So we have to manage our risk and adopt the situation accordingly.
AUD/CAD New Setup To Catch More Than 200 Pips