SamKent

AUD/CAD Simple Price Action Shorting Opportunity

Short
FX:AUDCAD   Australian Dollar/Canadian Dollar
0
The AUD/CAD has taken 28 4H bars to recoup 50% of what it lost over the course of 4 Bearish 4H candles. This is a classic Impulsive-Corrective setup, we're happy to short this market, with a stop just above the 61.8% fib and an initial target around the 0.9700 handle.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.