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tradercor
Feb 17, 2019 5:38 PM

AUDCAD Short Short

Australian Dollar/Canadian DollarFXCM

Description

Price is moving lower in a downtrend, setting LLs and LHs. More recently, we made a LL and have now pulled back to form a LH and retest strong resistance. Resistance lays on the 382 Fibonacci area, where we also formed a spinning top indecision candle on the 20 Day SMA. We will be watching for short opportunities off this level.
Comments
imirnesi
I like it!
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