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VladimirRibakov

AUDCAD Short Term Sell Idea From Key Resistance Zone

Short
Australian Dollar/Canadian Dollar (OANDA:AUDCAD)  
VladimirRibakov Updated   
OANDA:AUDCAD   Australian Dollar/Canadian Dollar
Trend Analysis Trend Lines Multiple Time Frame Analysis AUDCAD SELL Bearish Patterns keyresistance bearishdivergence
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trendanalysis trendline mtfa audcad sell bearish keyresistance bearishdivergence
D1 - Price is holding below the dynamic resistance.

H4 - Price is holding in a key resistance zone formed by the 161.8% of the first wave and the 61.8% of the second wave.

Bearish divergence.

Until this key resistance zone holds my short term view remains bearish here.
Comment:
The short term bearish move happened exactly as per my plan!
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