Description :
Looking at the H4 chart, my overall bias for AUDCAD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a sell entry at 0.93032, for price to break the minor low to ride the bearish momentum. Stop loss will be at 0.93802, where the overlap resistance is. Take profit will be at 0.91709, where the overlap support and 78.6% Fibonacci line is.
Trading Recommendation
Entry: 0.93032
Reason for Entry: price to break the minor low to ride the bearish momentum
Take Profit: 0.91709
Reason for Take Profit:
overlap support and 78.6% Fibonacci line is.
Stop Loss: 0.93802
Reason for Stop Loss:
overlap resistance
