by Roshun B, April 7, 2021
by Roshun April 7, 2021
AUD/CAD
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Short
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H4
Table of Contents
H4
Price Action
Price returned for the second time to SS turned resistance. Though the second return seems strong, we understand that the entry is an aggressive one.
BPB Trade
Fixed 1 : 4, Trail afterward
If we get the next 5 bars as slow grinding/overlapping type, prepare to scrap or decrease risk. We want clear strong PA going forward.( meant downward lol)
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We note that Price is finding SS on area 0.96000. However, the strength with which price broke to get there shows a willingness to go downward. We move our SL to BE before NY open. We expect a rally then strong move downward.