AUDCAD Trade idea 07/01/2025

Trade idea for AC:

- Still bearish on Weekly and daily timeframes but 4hr seems to be doing a pullback into c0.89733 liquidity zone retesting the previous lower high.

Based on the 4hr:
- Looking for the next 4hr candle to close bearish below the 0.89733 area of interest where we can anticipate a break below the 4hr level of interest we couldnt break yesterday 0.89509 before continuing lower (looking for a break and retest of that level or break and continuation on lower timeframes for the entry). Shown with red arrows
- Pullback to higher 4hr resistance at 0.89998 before taking sells anticipating lower lows and highs to be created down to overall target of 0.88545. Shown with black arrows

Either trade will give you a 3:1 or 7:1 risk reward.

Wait for the trade and look for confirmations to enter.
Happy Trading