forex_frog

Price trapped, awaiting next move with this pair

FX:AUDCAD   Dólar australiano/Dólar canadiense
1. Wait for a break of support (floor)
2. Wait for a RETEST (where price closes below the previous level of supports as a new resistance (ceiling), it is safe to enter

Price doing this is a Continuation of a downtrend.

1. Wait for a break of resistance (Ceiling)
2. Wait for a RETEST (where price closes above the previous level of resistance)
Once price confirms resistance as new support (floor), it is safe to enter.

Price doing this is a shift of momentum.
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