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Australian Dollar/Canadian Dollar (FOREXCOM:AUDCAD)

Updated

FOREXCOM:AUDCAD Australian Dollar/Canadian Dollar

Wave Analysis Trend Analysis Chart Patterns

waveanalysis trendanalysis chartpattern

We are in middle of medium term downtrend which doesn't go very fast hoever i expect more downside soon.

Looks like we have completed simple flat ABC correction and pair is ready for anoyher drop down.

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snapshot

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Smaller degree correction breakout.

I expect a continuation of down move.

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I have closed 3/4 position with nice profit as we might have a bigger correction now.

I will be looking to open new position if correction develops.

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snapshot

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