jojofang0901

AUDCAD Top of overall price action, look for bearish reversal

Short
OANDA:AUDCAD   Australian Dollar/Canadian Dollar

Hello everyone:

AUDCAD is looking great for possible reversal move.

We see price on the HTF is at a double tops area, and price gets there within this ascending channel correction.

Price is slowing down and consolidating, good indication that we may see reversal price action.

To confirm further downside, good to wait for a full breakout from the LTF , and a continuation correction to get in the sell.

thank you

Comment: HTF:
Comment:
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Comments

Nice work!
+1 Reply
I posted this one a couple of hours ago... Great minds think alike
+1 Reply
jojofang0901 TheSignalyst
@TheSignalyst, oh great, I was gonna say the same, good job
+1 Reply
TheSignalyst jojofang0901
@jojofang0901, perfect!!
Reply
Helpful. Thank you! Why do you analyze on 4H and not Daily?
+1 Reply
jojofang0901 klzdtrading
@klzdtrading, I do analyze on the daily and higher time frame :) just need a time frame chart to show my analysis. so 4h, 1h, 20 min..etc is all fine
Reply
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