AUDCAD for a lower low? 🦐
AUDCAD on the 4h chart after the recent low resets the weekly resistance.
We can notice how the structure is at the 50% retracement of the previous bearish impulse.
The price has been rejected by the area and is now trading over a 4h support.
According to Plancton's strategy IF the pair will break below we can look for a nice short order according to the MTB strategy rules.
We can notice how the structure is at the 50% retracement of the previous bearish impulse.
The price has been rejected by the area and is now trading over a 4h support.
According to Plancton's strategy IF the pair will break below we can look for a nice short order according to the MTB strategy rules.
Comment:
moving as expected