Wynloots14
Short

AUDCAD - Bearish crab with excellent R/R

OANDA:AUDCAD   Australian Dollar/Canadian Dollar
49 0 2
I've been stalking this crab pattern for a while with high yielding currencies on a tear the last week. There is actually another bearish crab that has completed (not shown here), but I am keeping my eye on this one because price hasn't given me any firm clues of a reversal yet.

Keep an eye on price action on the lower time frames (1hr / 30mins) for a break of the supportive trendline . Once it breaks, I'll open a short trade as shown.

this reflects my opinion and is not financial advice. Trade your own plan.

Happy hunting!
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