AUD/CAD Bearish Structure on Daily Time Frame
February 4, 2022
2 min read
Dear traders,
The AUD/CAD has formed a triple pinbar below the ATR high.
The point C is the trend line and pinbar confluence. We should see a move down in the upcoming days as the price is in bearish trend. If 0.9063 holds the way to 0.8880 is open. If we take a look at the formation we can see that the point D is the target. The entry zone is 0.9030-50 as the pin bars suggest.
The Analysis has been done with the Black Widow system.
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