Technician
Short

AUDCAD: Resuming Bearish Correction

FX:AUDCAD   Australian Dollar/Canadian Dollar
488 6 8
I am closing position at breakeven, following a very robust retail sales and Trade numbers.

Kick-starting March with AUDCAD             short trade, multiple pin bars at descending resistance for the bearish correctional wave.

Trade Number 94
Accumulated profits= + 2430

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I would suggest a little patience till close below 5ma
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Generally i would agree with your comments , but i feel it is to early lets wait a few days to see whether the trend continues down or is the Aussie changing direction ?
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Fundamental news events during the following days could help to show the decision made in trend. But that has nothing to do with the technicals ofcourse.
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Update: I am closing position at breakeven, following a very robust retail sales and Trade numbers.
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MartinPhillips Technician
Wise move
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Technician TOP MartinPhillips
Thanks
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