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tmpascoe

AUDCAD short setting up

Short
Australian Dollar/Canadian Dollar (FX:AUDCAD)  
tmpascoe  
FX:AUDCAD   Australian Dollar/Canadian Dollar
Chart Patterns
6
0
chartpattern
Daily is trending down with plenty of room to next level of support & the 4hr timeframe is showing strong bearish momentum.
Wait for a pullback into the 50% retracement level and then a momentum candle back in the direction of the trend before entering the trade.
TP at the 1.618 Fib level.
Good Luck!
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