AUDCAD H4 SHORT
Price approaching to daily bearish trend line border.While checking left hand side of the chart we can see that previously price formed a strong supply area (0.9500 -0 .9545)planning to sell around 0.9500.Confluences are daily trend line + Round number (0.9500)+ strong supply area.Regarding to stop loss better to put above 0.9550.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.