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AUDCAD Short.
Australian Dollar/Canadian Dollar
Short
AUDCAD Short.
By edramlan
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Updated
Jan 2, 2019
3
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1
Dec 24, 2018
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!
http://fb.com/edtrade.blog
Jan 2, 2019
Trade closed: stop reached
Standing aside for now. Probably it will be consolidated for a while. It might be that this will turn bullish instead.
AUDCAD
audcadshort
Chart Patterns
Trend Analysis
edramlan
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