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mngFX

AUDCAD, More downside possible

Short
Australian Dollar/Canadian Dollar (OANDA:AUDCAD)  
mngFX  
OANDA:AUDCAD   Australian Dollar/Canadian Dollar
Double Top or Bottom Parallel Channel Multiple Time Frame Analysis multitimeframeanalysis fundamentalanalsysis impulse correction Technical Analysis
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doubletoporbottom parallelchannel mtfa multitimeframeanalysis fundamentalanalsysis impulse correction technicalanalysis
Price action as been moving correctively towards a double top range which we could see another potential sell opportunity. I will be looking for a 3rd touch on this correction followed by a reversal impulse to validate another sell entry.

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