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DeGRAM
Dec 19, 2023 8:47 AM

DeGRAM | AUDCAD target for short from confluence Short

Australian Dollar/Canadian DollarFXCM

Description

AUDCAD is moving in the ascending channel. The market is consolidating on the 4 hourly chart.

Price is likely to move down from the confluence zone: the resistance + 88.6% fibo and bearish harmonic pattern.

We expect a pullback from the resistance level and the continuation of the consolidation.



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Comments
DeGRAM
Good luck in the markets and may the profit be with you !
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