Possible sell setup for AUDCAD
- Price broke out of a weekly sell support and has been in a sell since February 2021.
- Price recently broke out of my 4hr sell resistance but seems to be breaking back under that trend line to continue with it's sell momentum.
- I'm waiting for price to break below the 1hr support zone I have highlighted and I am looking to take the sell after a retest of that level. My target will be the previous lower low of the 4hr chart.
- Price recently broke out of my 4hr sell resistance but seems to be breaking back under that trend line to continue with it's sell momentum.
- I'm waiting for price to break below the 1hr support zone I have highlighted and I am looking to take the sell after a retest of that level. My target will be the previous lower low of the 4hr chart.