AUDCAD 4H

12 May 2020

We are at a crucial area as stated from the May 8th post. I would wait for a clear direction queue on the 4H prior to making a trade. We’re either going to break above these resistances, back test and head higher, or fail.

If we fail we could retrace back down to the 23/38 Fib lines (from a daily view).

12 May 2020

Not

Here's a zoomed out view with the marked resistances.