AUDCAD Short
Price is moving lower in a downtrend, setting LLs and LHs. More recently, we made a LL and have now pulled back to form a LH and retest strong resistance. Resistance lays on the 382 Fibonacci area, where we also formed a spinning top indecision candle on the 20 Day SMA. We will be watching for short opportunities off this level.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.