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VladimirRibakov

AUDCAD Sell Idea

Short
Australian Dollar/Canadian Dollar (FX:AUDCAD)  
VladimirRibakov  
FX:AUDCAD   Australian Dollar/Canadian Dollar
Trend Analysis AUDCAD SELL Bearish Patterns hiddenbearishdivergence bearishdivergence doublewave
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trendanalysis audcad sell bearish hiddenbearishdivergence bearishdivergence doublewave
W1 - We still has room towards the absolute bottom of the range.

D1 - Hidden bearish divergence, trend line resistance.

H4 - Double wave up, bearish divergence.

We may now look for more evidences of bearish pressure and then start looking for sells.

Invalidation: If the price breaks and holds above the high shown in the screenshot, then this setup will be invalidated (false breaks can be neglected).
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