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DeGRAM
Jan 31, 2024 8:55 AM

DeGRAM | AUDCAD trend continuation oppportunity Short

Australian Dollar/Canadian DollarFXCM

Description

AUDCAD is retracing back from the support level.

The market created the selling opportunity at resistance and a 50% fibo level.

Price action is making lower lows and lower closes on the 4-hourly chart.

We expect a breakout pullback and continuation trade.


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Share your opinion in the comments and support the idea with like. Thanks for your support!

Trade closed: target reached

Like a glove
Comments
JoeChampion
Thank you, i think the current USD bullish momentum have a strong weight on stocks, AUDCAD usually fall in the same direction with stocks.
kofhafiz
noobb
DeGRAM
Good luck in the markets and may the profit be with you !
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