AUDCAD - Short when retest
Updated
Price has formed a new downtrend and broke 0.9056 (support and resistance). Go short when it retest 0.9056 / 0.9080 area.
Target 1: 0.9850 (resistance level on several times since October 1998)
Target 2: 0.9776 (opening 2017 & uptrend area since May 2016)
*Price is also inside down channel in daily chart.
Target 1: 0.9850 (resistance level on several times since October 1998)
Target 2: 0.9776 (opening 2017 & uptrend area since May 2016)
*Price is also inside down channel in daily chart.
Note
Correction: I made a mistake when I wrote retest levels - 0.9956 / 0.9980 area.Note
Price attacked the recent downtrend. It was rejected and it´s again below 0.9956 level. Slow, very slow movement but still short.
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