AUDCAD Trade Analysis
On the 4 hour timeframe, we are in a WCR, where we have a very strong support and resistance creating a nice range.
Both the support and resistance have multiple different taps on them, showing that these are key areas where price are rejecting off.
For the coming week, i am expecting price action the come lower, to test the support which is where i will be looking for BUYS.
As long the range is larger than 100 pips, the range is valid and is highly likely to play out.
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