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DeGRAM
Mar 27, 2024 8:39 AM

DeGRAM | AUDCAD trend-continuation trade Short

Australian Dollar/Canadian DollarFXCM

Description

AUDCAD made a sharp, bearish move and pulled back. It couldn't reach the highs.

The market is making low lows and lower closes in the descending channel.

Price action is likely to move down from the kill zone and complete the AB=CD pattern.

We expect a trend-continuation trade since we have a bearish trend in the descending channel.



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Trade closed: target reached

Comments
DeGRAM
Good luck in the markets and may the profit be with you !
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