glennmercer
Short

Short AUDCAD: Strong TL Resistance at Critical Level

FX:AUDCAD   Australian Dollar/Canadian Dollar
AUDCAD             has completed several bearish patterns at a significant area of resistance. In addition to containment inside of an upward channel there is a strong trendline beginning in April, 2013 that may help contain price inside of the PRZ. There is also an unhit monthly pivot below price to add to the bearish bias. RSI is bearish divergent on the 4 hour chart as well. SL is placed above recent highs with targets at bullish AB=CD/bullish Gartley completion and the completion of a bullish bat pattern on the weekly chart.

Confluence in the PRZ:

Thanks for your continued support and don't forget to click the thumbs up button and follow for future updates and more trade ideas!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out