Looking on the 4hr timeframe, we can see the pair trading around a major resistance level. This is the first time that price has tested this region since it formed on the 24th Jan 2024. The bias is mixed on this pair and it does have the ability to retrace much higher. Retail trader sentiment Platforms like DailyFX and IG report a majority of retail traders holding short positions (around 85% according to Myfxbook), but this doesn't represent the entire market. Potential slowdown in …
Short for BLACKBULL:AUDCAD by xrpbilbs
Looking on the 4hr timeframe, we can see the pair trading around a major resistance level. This is the first time that price has tested this region since it formed on the 24th Jan 2024. The bias is mixed on this pair and it does have the ability to retrace much higher. Retail trader sentiment…
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