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