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Dollar Australia/Dollar Kanada
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AUDCAD Short.

Oleh edramlan
Diupdate
Why I think it is bearish:


  • The pair seems to have created a head and shoulder pattern.


  • Neckline was penetrated a few days ago with a huge bearish outside key reversal candle.


  • Price retested support and failed with the appearance of a bearish key reversal.


  • Already short the pair at 0.9584.


  • Price might go lower towards 0.9145 area.

Happy holidays!
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Trading ditutup: stop tercapai
Standing aside for now. Probably it will be consolidated for a while. It might be that this will turn bullish instead.
AUDCADaudcadshortChart PatternsTrend Analysis
edramlan

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