AUDCAD - SHORT setup
AUDCAD we are bearish market is in a strong downtrend.... on the daily market recently made a bearish impulse which has been followed by a correction to make a new lower high, i am now expecting continuation to downside and market to form another lower low on the daily.... on the 4hr timeframe you can see market has formed a triple top on the descending trendline, i am waiting for a break below this neckline and then if all other entry rules are met we will enter a short on the retest of previous support turned resistance.
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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.