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Short AUDCAD

by Roshun B, April 7, 2021

AUD/CAD H4 Price Action

by Roshun April 7, 2021

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AUD/CAD

|

Short

|

H4

Timeframe:

H4

Analysis Method:

Price Action

Analysis:

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.

Trade Plan:

BPB Trade

Risk Management:

Fixed 1 : 4, Trail afterward

Things To Watch For:

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)

LEAVE YOUR COMMENT HERE:

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  1. 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.

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