AUDCAD Long
As soon as daily formed LH while respecting the downward slopping bearish trendline, notice price close with a strong bearish momentum. In anticipation of a pullback, stepping to a lower timeframe, notice how 1H demonstrates bullish MACD divergence. Fib retracement drawn, trade was executed 0.9217 with 75 pips target (around the next area of resistance)
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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.