AUDCAD H4 LONG PRICE ACTION FORECAST

Although price action idd clearly under a bearish bias, the price has bounced from a previous supply zone. It moves towards the descending trendline to end the pullback (a correction from a downtrend impulse).

The current structure allows the setup for a countertrend position to capture the pullback.

The order:
Type: buy-limit
S/L: 24 pips - R:R | 1:2.5 -
T/P: descending trendline

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