AUDCAD H4 SHORT

8 thg 8, 2013

Price approaching to daily bearish trend line border.While checking left hand side of the chart we can see that previously price formed a strong supply area (0.9500 -0 .9545)planning to sell around 0.9500.Confluences are daily trend line + Round number (0.9500)+ strong supply area.Regarding to stop loss better to put above 0.9550.