CADNZD H4 SHORT PRICE ACTION FORECAST

Price action under bearish pressure has reached a strong support level, now expecting the price to pullback will allow a sell-limit entry order. However, if the price action can manage the breakout of the current level setup, it will be changed to the same sell-limit. Still, entry at the current level, expecting the used retest of the level before downtrend continuation.

S/L: 130 pips - R:R | 1:2.2 - T/P aiming to support the red dotted line's level.

Orden cancelada:

Price action continued its downward momentum, trade was not triggered. Order is cancelled.