Hello Traders, today I share with you my AUDCAD Sell bias. Here's the H4 chart and overall, we see a market coming from an Head and Shoulder pattern, broken the neck-line of this H&S patterns and then is retesting the 61.8 fib level. Right from this level, we see the break of an ascending trendline and right now, i'm waiting to catch the retest and go short from there. I'd be staying reactive as the markets are very irrational this period. I however think that this will hold and our down side target, around 100pips from entry.
Stay reactive. Give us a LIKE if you agree.
Stay reactive. Give us a LIKE if you agree.