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?
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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.