At this moment on H4, there is 2 trade setup for AUDCAD to buy and sell. But currently, since EMA50 is crossing down EMA200 i will look more towards bearish movement.
So, I'm looking Sell position at the lower timeframe support with M chart pattern and trendline breakout.
My selling position target until 0.96500.. However might change when the market not going as plan later.
Since this is scalping sell, there would be in and out with a small pips until the price going into the DP zone.
Trade at your own risk. Happy Trading.
Regards,
Mohd Amirul Anwar bin Ibaharin
Malaysia
So, I'm looking Sell position at the lower timeframe support with M chart pattern and trendline breakout.
My selling position target until 0.96500.. However might change when the market not going as plan later.
Since this is scalping sell, there would be in and out with a small pips until the price going into the DP zone.
Trade at your own risk. Happy Trading.
Regards,
Mohd Amirul Anwar bin Ibaharin
Malaysia