glennmercer
Short

AUDCAD Short: Bearish Wolfe Wave Complete at Resistance

FX:AUDCAD   Australian Dollar/Canadian Dollar
AUDCAD             has completed a bearish Wolfe Wave setup at a crucial point of resistance. In the Wolfe wave sell zone, two 200% projections are closely aligned. In addition to this, a strong long term trendline sits at current price to provide potential resistance. To add to the bearish bias, MACD is bearish divergent and multiple missed daily pivots sit below price. Target is placed at the 1-4 Wolfe Wave target line.

Trendline Resistance
snapshot

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Trade closed: stop reached: SL hit
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