AUDCAD -Bias short Short

Australian Dollar/Canadian DollarFXCM

Description

⋅ May 18, 2023 7:05 AM

Bearish indications:
Support broken.
Lower low lower highs
Bearish trendline broken .
Bearish engulfer from support.

Trade plan bias short @ 0.89455-0.89398
SL:0.90104
TP1:0.88781
TP2:0.88383

Trade closed: stop reached

⋅ May 19, 2023 3:41 PM

Support broken but it was a false break down , has formed inverted head and shoulder pattern or V shape recovery..

Trend Analysis Chart Patterns

Comments

ProSignalsFx

⋅ May 20, 2023 5:27 AM

Cheers!

EricNyamu

⋅ May 19, 2023 5:13 PM

it broke support then broke it again from the down side . lol . this pair is useless and crazy.

gouthamkulal1

⋅ May 19, 2023 5:14 PM

@EricNyamu seems like operator's game plan.

gugusheep

⋅ May 18, 2023 1:37 PM

Seems correct :/

JoeChampion

⋅ May 20, 2023 2:30 PM

Brilliant, AUDCAD should follow the stock market and remains bearish!