drmoe89

Short AUDCAD - 4-H timeframe

Short
CAPITALCOM:AUDCAD   Australian Dollar/Canadian Dollar
https://cdn.discordapp.com/attachments/515171221093220352/937749931584786452/unknown.png

https://cdn.discordapp.com/attachments/515171221093220352/937749931840647198/unknown.png

https://cdn.discordapp.com/attachments/515171221093220352/937749932100706314/unknown.png

I am taking a short trade on AUDCAD:
- Overall down-trend.
- Break down and pull-back to an area of value ( support ), which is now M3 entry ( Wayne Pivots ).
- An engulfing candle about to be made at 4-H chart ( not closed yet ).
- Oil price got over 90. but Australia rate statement is after about 11 hours from now.
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.