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AUDCAD long and then short

by Debora D, February 6, 2023

AUD/CAD H4 Price action, Support-Resistance

by Debora Di Palma February 6, 2023

3
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AUD/CAD

|

Long

|

H4

Timeframe:

H4

Analysis Method:

Price action, Support-Resistance

Analysis:

Current downward leg is overextended and price reached a support zone, KL and reacted nicely off the daily ema. Will need one more bullish rejection of D-ema & KL on 4H, or push up and retest of current level on 15min.

Risk Management:

0.5% risk for the long, If price gets to 61.8 0r 78.6 fib then high probability short so 1% risk

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