TradingView
exp3r13nc3
Feb 15, 2021 2:02 PM

AUDCAD broke out of range. time to short it! Short

OANDA:AUDCAD15
AUD/CADOANDA

Description

⋅
It broke out of range, failing at 0.618 fib level. I'm looking for a downside move from here.

Order cancelled

⋅
Bulls have regained control of the broken support. it'll go up from here. I'm out.
RectangleAUDCADaudcadshortaudcadanalysisaudcadsetup
Comments
TutosXtreme
⋅
When price consolidates/ranges, Smart money usually likes to take out liquidity before continuing to the intended direction.
Maybe that's what they are doing right here.
exp3r13nc3
⋅
@TutosXtreme, Yeah, maybe. it's a choppy market though. best to stay out.
abel11
⋅
wow! thanks for sharing!
exp3r13nc3
⋅
@abel11, You're welcome.
More