I found an opportunity from AUDCAD. Do you think it going right?
Yesterday it formed a bearish engulfing candle, which is bearish. Prices has came down and retest the uptrend line. Now on H4, if we base on H4 which is now being oversold thus a kick up to retest yesterday high is also a possibility. There are 2 ways we can joined this pair. 1) leave our pending order where it is and look for prices to come back to retest or make a marginally high and create a negative Divergence on H4 then run all the way down to previous low.
Yesterday it formed a bearish engulfing candle, which is bearish. Prices has came down and retest the uptrend line. Now on H4, if we base on H4 which is now being oversold thus a kick up to retest yesterday high is also a possibility. There are 2 ways we can joined this pair. 1) leave our pending order where it is and look for prices to come back to retest or make a marginally high and create a negative Divergence on H4 then run all the way down to previous low.
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