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jojofang0901

AUDCAD Still eyeing the sell opportunities

Short
Australian Dollar/Canadian Dollar (OANDA:AUDCAD)  
jojofang0901 Updated   
OANDA:AUDCAD   Australian Dollar/Canadian Dollar
Parallel Channel Flag Pennant priceaction structure
12
0
parallelchannel flagpattern pennant priceaction structure

Hi traders:

I am still keeping a close look on AUDCAD for the sell potential.

Previous analysis was able to bring the price lower, but not breaking out of this larger structure overall.

Price instead continue to move up, and we see a recent double tops, then a sharp drop from the price.

To confirm the down move potential, I would be looking for continuation correction to developed either within the channel, or a breakout follow by it.

Tank you
Comment:
Comment:
Correction complete within the channel, price broke out now. Look for more opportunities to get in the sell.
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