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El_Chapo_Jr

AUDCAD short confirmation

Short
Australian Dollar/Canadian Dollar (FX:AUDCAD)  
El_Chapo_Jr  
FX:AUDCAD   Australian Dollar/Canadian Dollar
Trend Analysis sellsetup audcadshort Bearish Patterns price priceactionanalysis
3
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trendanalysis sellsetup audcadshort bearish price priceactionanalysis

Hello traders,

- On Monday the price opened by rallying up to fill Friday's price imbalance up to a significant previous support level which is now resistance.

- A Bearish Order block (BeOB) has been formed here which is also the High of the Day (HOTD).

- Since the price has been on a downtrend in the past weeks, the short will be confirmed after the price closes below the 0.88114 level.

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