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Mihai_Iacob
Dec 7, 2020 4:01 AM

AudCad- drop of 250+ pips to follow? Short

Australian Dollar/Canadian DollarFXCM

Description

For the past 6 months or so, AudCad traded in a range between 0.97 and 0.93 (more or less). Now the pair just made the first leg down from the top of the range and I expect this drop to continue.
Sell rallies is my strategy and 0.9520-0.9550 should provide a good sell zone.
My outlook is bearish as long as the pair is under 0.9650 on a daily close bases
Comments
KlejdiCuni
Great chart mate! Same view on this one! Thanks
Fisher_Fx
same view as you bro. thanks
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