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VladimirRibakov

AUDCAD Sell Idea

Short
Australian Dollar/Canadian Dollar (FX:AUDCAD)  
VladimirRibakov  
FX:AUDCAD   Australian Dollar/Canadian Dollar
Trend Analysis AUDCAD SELL Bearish Patterns hiddenbearishdivergence bearishdivergence criticalzone
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trendanalysis audcad sell bearish hiddenbearishdivergence bearishdivergence criticalzone
W1 - Price reached the downtrend line, if we didn’t get a valid breakout here we may then expect the price to respect this trend line again and move lower.

We have a good resistance zone and potential hidden bearish divergence forming.

H4 - We may now expect one more push higher from the current zone towards the critical zone, we may then start looking for sells with bearish evidences.

Potential bearish divergence forming at the moment.
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