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Millennial_Trading
Aug 3, 2017 7:59 AM

AUDCAD 4H Short - Divergence Short

Australian Dollar/Canadian DollarFXCM

Description

Huge divergence on the 4 hr chart, price is heading into the peek of a triangle, so am anticipating a nice drop to the downside. Wait for price to break the line before placing a trade. Look out for a fake breakout & then a retest before the big drop happens. Always have a plan B as price could easily head North & break the triangle for another big move. Good luck :)
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