AUDCAD forecast

29 בנוב׳ 2022

After the persistent bearish channel the market started to move in a volatility contraction pattern to the upside... Now we’re currently at a pretty much significant area, from here we wait for price to slightly violate this liquidity zone to price 0.91385. After the retracement then we should expect an aggressive bearish movement targeting price 0.87583 which is our stop order... However, we might as well embark on this trade because it’s going down already. Our stop loss is already in place for a safer trade...