AUDCAD H1 SHORT PRICE ACTION FORECAST

47
Price action manages to break through the ascending trendline, with a retest of the broken line, and pass through the 200MA as the last line of defense for the coming bearish momentum. Now, expecting a pullback fro further downtrend continuation, a short entry is placed.

The order:
Type: sell-limit
S/L: 15 pips - R:R | 1:2.5 -
T/P: coming support level


--
*** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.