Retrace Idea “AudCad”-Short Bias
Price is showing exhaustion in a target zone of resistance below the clouds.. Looking for price action to short price for a potential retrace.. RSI is within target overbought area and ATR is within reasonable volatility. Possible entry during the Asian session.. Once entry is taken, SL will be placed above green cloud and TP will only be taken once price rises above “pink” resistance cloud…-Short Bias