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AUDCAD Technical Analysis and Trade Idea

Short
Australian Dollar/Canadian Dollar (OANDA:AUDCAD)  
tradingwithanthony Updated   
OANDA:AUDCAD   Australian Dollar/Canadian Dollar
Trend Analysis AUDCAD audcadshort audcadanalysis audcadsetup audcadforecast audcadsell audcadsignal audcadidea
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trendanalysis audcad audcadshort audcadanalysis audcadsetup audcadforecast audcadsell audcadsignal audcadidea
Analyzing the AUDCAD currency pair, we observe a bearish shift in market structure evident on both the 4-hour (4H) and daily (1D) charts, characterized by a substantial downward movement. My focus lies on identifying a potential trade opportunity during the retracement phase, capitalising on the imbalances evident within the chart. I encourage you to watch the video for a detailed explanation, but please be mindful that the information provided is for educational purposes and should not be construed as financial advice or recommendations for trading decisions.
Trade closed manually:
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