AUDCAD - BEARISH CONTINUATION
Price could possibly break back above to fill the range.
Looking for a break and close above the resistance level at 0.88495, then waiting for a minor pullback to retest the level before placing a buy order to fill the range.
Ideally I would prefer to see price continue to the downside with a break and close below the 0.88220 level, as current trend is bearish.
Again for sells I am looking for a break and retest before entering a position.
Targeting 0.87825 level where I will look to close 50% and move my stops to BE, with a full TP target at 0.87555.
Looking for a break and close above the resistance level at 0.88495, then waiting for a minor pullback to retest the level before placing a buy order to fill the range.
Ideally I would prefer to see price continue to the downside with a break and close below the 0.88220 level, as current trend is bearish.
Again for sells I am looking for a break and retest before entering a position.
Targeting 0.87825 level where I will look to close 50% and move my stops to BE, with a full TP target at 0.87555.
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