We are anticipating another sell from an AUD pair.. once price has broken this level we can sell all the way to the green area
Price has tested this level a few times and been rejected but i believe next week we will see a break and we can start a sell
AUDCAD - SELL
SL - 0.93810
TP - 0.91564
Price has just come off support around the 0.9300 big figure. In the last few days the market has established a trading range between 0.9300 and 0.9450.
Price rotating lower in early Asia trading and if the recent low holds (June 9th) then there is potential to see price trading higher to test the range highs around 0.9400-50
1 HOUR TIME FRAME
- Rejection off the 50 EMA
- Rejection off the 0.236 Fibonacci
- Several rejections of the ascending trendline
4 HOUR TIME FRAME
- Previous 4 hour candle had large wick rejection off the trendline
Possible retest of the trendline
