Technician
Short

AUDCAD: Signs of Weakness Continue

FX:AUDCAD   Australian Dollar/Canadian Dollar
711 2 8
-The price completed a minor double top pattern around 1.0315 resistance, which was market as a resistance through the high of the shooting star candle recorded in late March,
-A bearish divergence on RSI momentum confirms the bearish bias.
- The price retested the rising trend line for the latest bullish wave, before bouncing to retest the broken neckline at 1.0250 areas.
- I Will be looking to short near 1.0250 level, with a stop loss at 1.0350.
- Conservative traders may prefer to wait for a break below the rising trend line to confirm the bearish bias.
-Targets start at 1.0150.1.0100 an aggressive target could be at 0.9830.

Good Luck, join me at :
https://twitter.com/thefxchannel
thefxchannel.com
MEGA 70% DISCOUNT ON 3 AND 6 MONTHS PACKAGES . Get it before offer expires : https://thefxchannel.com
Are you anticipating the formation of a head and shoulders?

Thanks.
Reply
Not really, but could happen
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out