TradingView
Air_Bud
Apr 21, 2020 7:52 PM

AUDCAD sell Short

Australian Dollar/Canadian DollarFXCM

Description

1. Blue lines are drawn on 1d TF. Top tested
2. Green bottom line is drawn on 1w TF. Tested long time ago.
3. Red horizontal line is a open GAP, (if chart shows other wise cooment the picture). Need to closed.
4 Orange lines makes nice wedge, with top tested.

Summary. on big TFs AUDCAD is trading in a big falling wedge, with price testing top now. Not all GAPs are always closed, but this rising wedge on 4h makes me think that this will be.

Otherwise, trade safe and wash your hands!

Comment

Still think that this scenario is possible, added a another trendline (green), to show that price has made another unbreakable bottom.
Trade safe!
Comments
Air_Bud
Added some more trendlines, black line is so far bottom price have hitted on 1d TF.
Blue is top on 1d tf.
Will see how this play out.

transparent-fx
it will be interesting to follow audcad
More