Aud/Cad is in downtrend, sellers territory but the price is at the bottom of the range so we need to wait on breakout which could be a faker so good protection is to wait on retracement and enter on the next break if we look for sell trade. On the other hand price could climb back to the top of the range. Right now its 50/50 but we always want that odds are in our favour.
KEEP IT SIMPLE !
RISK MANAGEMENT !
DO NOT CHASE THE TRADE !
KEEP IT SIMPLE !
RISK MANAGEMENT !
DO NOT CHASE THE TRADE !