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AEFX786

#162 AUDCAD Short (Sell) Trade Setup

Short
Australian Dollar/Canadian Dollar (FX:AUDCAD)  
AEFX786 Updated   
FX:AUDCAD   Australian Dollar/Canadian Dollar
Trend Analysis Supply and Demand Multiple Time Frame Analysis AUDCAD audcadshort audcadsell audcadreversal audcadanalysis audcadtrade audcadsetup audcadsignal
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trendanalysis supplyanddemand mtfa audcad audcadshort audcadsell audcadreversal audcadanalysis audcadtrade audcadsetup audcadsignal
AUDCAD has run into resistance on the Monthly, Weekly, Daily and 4hr timeframes. We saw a strong rejection on January's monthly candle close and we're now seeing a retest on the 4hr supply.

We have a potential to take a short from here and aim for lower lows.
Order cancelled:
Retest didn't hold, setup invalidated.
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