justatrader

AUDCAD - Short Trade Opportunity

Short
FX:AUDCAD   Australian Dollar/Canadian Dollar
0
After forming a H&S continuation pattern, price seems to be going back to retest the neckline. Make use of your own preferred oscillator for trade entry. Any possible upside moves are likely to be capped by the 200 WMA. Stops to be somewhere near the left or right shoulder high.

Alternatively, wait for price to get into the area between 0.95894 - 0.96744 region for entry based on your indicators.
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