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ElyaStein

AUDCAD Past Support To Become Future Resistance Short Setup

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Dolar Australia/Dolar Kanada (OANDA:AUDCAD)  
ElyaStein  
OANDA:AUDCAD   Dolar Australia/Dolar Kanada
Support and Resistance Multiple Time Frame Analysis Chart Patterns AUDCAD audcadshort audcadanalysis audcadsetup Forex forexsignals supportbecomeresistance
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supportandresistance mtfa chartpattern audcad audcadshort audcadanalysis audcadsetup forex forexsignals supportbecomeresistance
Hi All...

AUDCAD on the Monthly/Weekly broke down from a key level support making a lower low lower then the previous low,

Now the market has retraced to the past support level that has a high chance to become future resistance,
A good way to see if it will hold as resistance is to wait for the 4 hour chart to break the counter trend line and take out the most recent low that should give us a powerful indication that the market is most likely heading back down
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