POTENTIAL SHORT ON AUSSIE CAD

20 Jul 2022

Hello traders! We are looking at a possible short opportunity here on this market as the day closed within this channel after a breakout that was possibly fake. Previous support broke and now we look to see what happens if the market retests. Not looking for a huge move downward but it is possible. If this support now resistance holds then we could see a 25-80 pip move down. We will be paying attention to this zone between 0.88700 and 0.88900 for opportunities depending on price action. This is an idea not a signal and was posted for educational purposes.