SharkTrader1990

Descending Flag pattern on the 2h

Short
OANDA:AUDCAD   Australian Dollar/Canadian Dollar
As we observe this pair on the 2h, this pair has been testing this support level (.93850). Also this pair has been making LHs so i can see a potential descending flag pattern on this. Observe it on the bigger time frame we see this as a bearish trend still and can just see this as a rally before the continuation to the downside. I will be looking for an entry once it breaks out the support. BUT if it breaks the Daily resistance at .94522 then I'll be looking for a buy position with this pair as it qualifies as a reversal as well for me.
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