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ForexPotatoe

AUDCAD Short Idea

Short
Australian Dollar/Canadian Dollar (OANDA:AUDCAD)  
ForexPotatoe  
OANDA:AUDCAD   Australian Dollar/Canadian Dollar
Support and Resistance Trend Lines Multiple Time Frame Analysis audcadshort AUDCAD audcadsetup audcadsignal AUDUSD
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supportandresistance trendline mtfa audcadshort audcad audcadsetup audcadsignal audusd
Hey guys! Its your girl Forex Potatoes. We have a signal for AUDCAD, currently we can see that audcad has been in a consistent downtrend for a long time and we can see a third touch and divergence on 30 mins time frame.
Confluences:
Downtrend on 4H downtrend,1H downtrend and 30mins Downtrend
RSI: Currently overbought
4H Bearish engulfing candlestick, 30 Mins and 1HR candlestick
Price below 50EMA

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