Get started
dnsmith

Consolidation prior to Short - retest of the low

Short
Australian Dollar/Canadian Dollar (FX:AUDCAD)  
dnsmith  
FX:AUDCAD   Australian Dollar/Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators AUDCAD short Wedge consoldation
1
0
trendanalysis chartpattern indicator audcad short wedgepattern consoldation
AUDCAD has been in a longer term down trend , with last week seeing a break of the head and shoulders pattern to hit the .938 TP.
We are seeing AUDCAD now in a wedge consolidation around the .95 area, prior to a move to the downside to retest the .938 zone.
Once the consolidation has bound up, a good area for a sell stop, with the SL around the .95 area and TP at the .938

Happy Hunting
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.