AUDCAD SHORT
FIRSTLY TAKING A LOOK ON THE MONTHLY CHART WE CAN SEE LAST MONTHS STRONG TEST OF THE 50 FIB AND THE DESCENDING TRENDLINE IT HAS SO FAR ACCEPTED, BUYER POWER BROKE DOWN AND THE CANDLE ENDED AS A BEARISH SPINNING TOP, SO FAR THIS MONTH WE HAVE TESTED BOTH THE UPPER TRENDLINE AND THE 55MA AFTER RETREATIG LAST WEEEK
THE DAILY CHART IS WERE I HAVE DRAWN A HEAD AND SHOULDERS PATTERN FURTHER BEARISH CONFIRMATION, WITH THE LAST TWO CANDLES FORMING A DOJI AND AN ENGLUFING BEARISH ON FRIDAY
WILL BE LOOKING TO ENTER DURING THE ASIAN SESSION SOMEWHERE AROUND 0.985 1ST TP 0.955
THE DAILY CHART IS WERE I HAVE DRAWN A HEAD AND SHOULDERS PATTERN FURTHER BEARISH CONFIRMATION, WITH THE LAST TWO CANDLES FORMING A DOJI AND AN ENGLUFING BEARISH ON FRIDAY
WILL BE LOOKING TO ENTER DURING THE ASIAN SESSION SOMEWHERE AROUND 0.985 1ST TP 0.955
Related publications
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.