AUDCAD has been receiving heavy bearish pressure these last few weeks and has entered a zone which could either show retracement or a break. As we can see the latest candle is a strong bearish candle. With that we can presume that it will break through and drop to the next SR.
When entering this trade i would advise waiting for confirmation from a lower time frame.
When entering this trade i would advise waiting for confirmation from a lower time frame.
