Hi Traders! We have AUDCAD bearish opportunity forming at the moment. A detailed analysis of this sell setup is as follows:
AUDCAD H1 Chart:
On the H1 chart we have a critical zone that has formed and the price which is moving higher is nearing this critical zone. We may now expect one more push higher from the current zone towards this zone. Once the price reaches this critical zone, we may then look for evidences of bearish pressure and then start looking for sells.
Note: It is always recommended to look for confirmations before you jump into any trade. If you are not sure about how to trade this sell setup then you can use any setup and strategy that you have in your arsenal to look for bearish moves and join this sell trade.
If you want to learn how to do such analysis yourself, if you are looking for a professional team of traders and one of the best online trading communities, If you are looking for enormous archive of Webinars, Trading Tools, Trading Strategies, Books, Indicators, Expert Advisors and much much more, join my traders academy club for only $197 PER YEAR.
Also you can get one of my strategies free of charge. You will find all the details here
Yours to your success