LuisLizama

AUDCAD Analysis Part 2 Short

Short
FX:AUDCAD   Australian Dollar/Canadian Dollar
Now lets take a look at the daily chart for this trade setup! MACD is pushing down, now we just need the momentum and confirmation from the orange MACD. RSI is relatively low and we also know that we are in a downward trend long term. Considering we are near an important price action level, it is safe to assume we will see price decrease from here on out! We also had a nice red daily pip near that level!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.