InsiderB
Short

AUDCAD Hourly Channel - Waiting Breakout

FX:AUDCAD   Australian Dollar/Canadian Dollar
Hey Guys,

We can interpret from above chart that AUDCAD             is moving in the marked channel zone for sometime and it came right against the Resistance zone.

Am expecting channel to Breakout on downside bcos price action is bearish if you check at 4hr timeframe.
Still anything can happen but I will be looking for shorting opportunity as AUDCAD             breaks the channel.

Check your rules before entering, this is just an idea.

Hit Likes for Agree...
Comment your views...

Happy Trading !

*** With Great Power, there comes Great Responsibility ***
yeoledinesh
7 months ago
AUD/CAD pair down TGT achieved , if yes then can we go for long position
+1 Reply
InsiderB yeoledinesh
7 months ago
Dinesh,As of now for AUDCAD I haven't done any analysis...Little hectic days for Me !
Reply
yeoledinesh
6 months ago
OK Sir
Reply
yeoledinesh
6 months ago
Now Can we go long for this pair , currently trading @ 0.9382 falling from 0.9950
Reply
InsiderB yeoledinesh
6 months ago
@Dinesh, No not now... AUDCAD may reverse around 0.9300's to 0.9250's
Reply
yeoledinesh InsiderB
6 months ago
Thanks Sir, Will wait till the time & will make a trade for long after your suggestion.
+1 Reply
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