11021992
Short

AUDCAD: Bullish momentum is slow

FX:AUDCAD   Australian Dollar/Canadian Dollar
121 views
16
121 1
Hi traders,

On the AUDCAD I'm looking to enter short based on this price movement. We have a nice bearish impulsive move, that dropped 65 pips in 22 bars. The retracement is 41 pips in 62 bars. This all indicates that the bears are in control.
We also had a nice rejection off of the 61.8% Fibonacci retracement .

Target 1: 1.01925
Target 2: 1.01750

Good luck traders!
Trade closed: target reached
welcome back :)
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