AUDCAD should head to a new high Long

Australian Dollar/Canadian DollarFXCM

Description

⋅ Jul 1, 2015 1:26 AM

After breaking the previous high, AUDCAD should head toward the 1.618 which is a previous resistance and form a new high

Comments

2Smart2Trade

⋅ Jul 1, 2015 1:51 AM

Bearish divergence at your price it should drop as no correction is present as well so clear bearish trade at 0.96428

alichebbani

⋅ Jul 1, 2015 1:57 AM

after 4 mins the 60min candle will close and decide if it will be a double top so a bearish divergence will happen, or break it

2Smart2Trade

⋅ Jul 1, 2015 2:44 AM

Yeah absolutely right i was just saying to keep an eye on that double top as it has not formed after candle close