Lingrid | AUDCAD trend CONTINUATION trade

The price perfectly fulfilled my last idea. It hit the target level. AUDCAD made a significant nosedive, breaking through a support level that had been respected multiple times in the past. This support level has now transformed into a resistance zone or swap zone. The price has since bounced off the support level at 0.9000, presenting an opportunity to short the market in anticipation of a continuation of the bearish trend. On the daily timeframe, the market is making lower lows, indicating a downward trend. If the price rejects the swap zone, I expect it to move to even lower levels. My goal is support zone around 0.90250

Lingrid | AUDCAD short After REJECTION of the RESISTANCE zone


Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

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