Fxprotrader
Short

AUD@ Too Many Factors For Sell Off

FX:AUDCAD   Australian Dollar/Canadian Dollar
Very powerful potential short setup in AUDCAD             .

Reasons:

- Bearish Gartley pattern
- Bearish AB=CD pattern with D point exactly at the same as gartley's
- Key horizontal resistance zone (purple zone in chart)
- Elliott wave cycle 5-3 completion
- Overall trend is a downtrend

If price reaches our gartley's D point at 0.786 then we'll have a high probability short setup with all the above reasons opening the doors to a sell off.

Like and comment,
John


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